I saw EXEL down 50% and I thought it was Exelon Energy but it's some company called Exelixis.
This is the danger in investing in biotechs. $400MM gone in 10 minutes in early trading.
did you buy last time?Only 94x P/B
God damn I'm buying puts
did you buy last time?
too pricy. and with the momentum its hard to determine where it might go in the next two months/.No.... wanted to give it more time to develop on the charts. Hard to get a good read at first when it IPOs. Always knew the fundamentals were off, but wanted to let the irrational exuberance play out more. Consensus price target shows 6.05% downside right now. Way overbought. MACD off the charts. Momentum bullshyt one trick pony stock that's fundamentally worth dogshyt.
But I don't even know if I'll buy puts actually.... even deep out of the money puts are pricy.
dead cat bounce play?
Edit: I said it a couple pages ago but if you like this space,
bought 1000 shares just nowWTSL replacing CEO with their old CEO who is coming back from a firm that specializes in management buyouts, acquisition financing, recapitalizations, and growth capital investments, and previously expressed interest in buying Wet Seal.
might be a splendid time to buy puts on CBS
WIll do it when the SPY hits 200 and starts to retreat. I'm thinking next Friday
shouldve followed through . August 25 was when the spy first touched 200 and that was when the CBS sell off occurredextremely bullish day and CBS still wont budge. This shyt is heading back into the mid 50s (deservedly so) by mid september probably. unless some good news comes outta nowhere.
bought 1000 shares just now
I'm hoping you didn't since the stock was halted after the bell and up until a little bit ago.
Conducting a rights offering to raise more money.
Not a good look. Stock down in the .70s now. Good thing I cut out.