Bernie Madoff
Banned
26.34%(6 weeks)No doubt. I've done the research. I've literally watched this chart everyday for the last week in real time (pre/after) included.
Looked at the reasons for the drop and FDA hold. Looked at the company's pipeline, read the charts, looked at the blocks to see trends. Read the transcripts ect. Achn is going up. I got common at 2.43 and $4 calls 3 months out at .10 I've never been so confident about a play in my life. But it's all talk at this point, we'll see for sure either way.
Key to bio plays is be conservative and to take profits. Which fits into how I trade.
Also
http://www.nasdaq.com/symbol/achn/short-interest
Looks like an imminent squeeze to me
return in common.
Sold enough at 3.05 to cover those dec 21 $4 strikes. At this point I have ALOT of common shares, and in the money 2.50 options that expire over the next couple months.