Stock Thread (28 Viewers)

[culdeus]

Everything is fine now! Jump back in!

lol

I'm just waiting this out and dragging stops higher.

 

[southbound]

So shortly I will have an emergency fund set aside of around 2k-4k. Job and everything is extremely stable so I don't need the emergency fund to be that liquid but would like to get a better return than a typical savings or CD offered keeping it in the bank. Have considered investing in an ETF (have done so in the past) and still have my Ameritrade account still open but any particular advice or something that I should look to put it into.

 

[fantasycurse42]

So shortly I will have an emergency fund set aside of around 2k-4k. Job and everything is extremely stable so I don't need the emergency fund to be that liquid but would like to get a better return than a typical savings or CD offered keeping it in the bank. Have considered investing in an ETF (have done so in the past) and still have my Ameritrade account still open but any particular advice or something that I should look to put it into.

If your emergency fund is about $4k, how much are you looking for in returns? 5% annually at $200 or 10% at $400?

I'd recommend just keeping it in the bank, instead of putting yourself at risk.

 

[culdeus]

Emergency fund at the most should be in something along the lines of a ETF trading in 1-3year AAA+ type stuff.

 

[Dentist]

So shortly I will have an emergency fund set aside of around 2k-4k. Job and everything is extremely stable so I don't need the emergency fund to be that liquid but would like to get a better return than a typical savings or CD offered keeping it in the bank. Have considered investing in an ETF (have done so in the past) and still have my Ameritrade account still open but any particular advice or something that I should look to put it into.

honestly that's not really enough money to bother with the risk of getting any return on.

like fantasycurse said... if you get 5-7% ... that's what.. $200-$300 bucks? is that worth the potential risk of losing 10-15% in the short term?

I think the first 6 mo. of your emergency fund should be in cash or an ETF like MINT that is virtually cash.

If you had another 6 mo. beyond that and were willing to accept some risk you might look into an ETF that threw off a little yield like JNK or PFF/PGF

 

[Sarnoff]

Agree with Dentist. Not worth the risk to chase returns. Find the best stable return you can, even if it's a savings account online. When CD rates start going up, use the cash to start a CD ladder. Until then just wait it out.

 

[Cliff Clavin]

I inherited about $10K in BMO stock a little bit ago and can't decide what to do with it. I really don't need the cash, so do I:

a) don't even think about it for 30 years

b) move it into some type low cost indexed fund

c) attempt short-term buying/selling

d) send to Eminence

Note: I've never traded stocks

 

[Mystery Achiever]

Cliff,if you want something you don't have to know much about or keep an eye on, do the index fund, which also provides diversification.

But if you are interested in learning stocks and making some speculative bets, since you don't need the money, that would be enough to do something with.

 

[Eminence]

Cliff,if you want something you don't have to know much about or keep an eye on, do the index fund, which also provides diversification.

But if you are interested in learning stocks and making some speculative bets, since you don't need the money, that would be enough to do something with.

Go for a marijuana index fund, no, seriously.

 

[General Malaise]

Good lord, Yellen sounds EXACTLY like Dr. Melfi from The Sopranos. Close your eyes and picture her talking to Tony....uncanny.

 

[Mystery Achiever]

Dow was down ~ 40 when I left the TV for a few minutes. Now -140. What did she say?

 

[culdeus]

Dow was down ~ 40 when I left the TV for a few minutes. Now -140. What did she say?

6 months after QE over interest rates come up. That timetable is a little tighter than expected.

 

[Mystery Achiever]

Thx, Feels like an over-reaction to me. That is still a year away.

ETA- Just heard the clip "... That's hard to define...probably on the order of around something like six months...". That's a little squishy for 100 Dow points.

 

[St. Louis Bob]

Good lord, Yellen sounds EXACTLY like Dr. Melfi from The Sopranos. Close your eyes and picture her talking to Tony....uncanny.

I told my FA to take the rest of my money that I have in stocks out today. In the 9+ years I've been with him, I've never asked him to do anything specific and have always trusted his judgment as he's a MUCH smarter guy that me.

Between Crimea, this plane missing and what I know is a god ####### awful economy, I don't want anything to do with it for awhile. Getting out close to the all time high helps too.

 

[Sarnoff]

Dow was down ~ 40 when I left the TV for a few minutes. Now -140. What did she say?

She poked her head up and saw her shadow, six more weeks of winter.

 

[Mystery Achiever]

Dow was down ~ 40 when I left the TV for a few minutes. Now -140. What did she say?

She poked her head up and saw her shadow, six more weeks of winter.

Well, that would be worse than a rate hike.

 

[NIU Kicker]

Yea, liking this story... Employees off of some of the biggest pharma houses & investments from the sharks...

I think I'm in tomm.

Did you end up in?

 

[culdeus]

Really 2014 has gone roughly how I thought. Middling-sideways ish broad market. Only way you have really made a killing was timing the dip well.

 

[Wooderson]

Going to be jumping in the game next week. Plan to lurk in this thread a fair amount.

 

[Andrew74]

So shortly I will have an emergency fund set aside of around 2k-4k. Job and everything is extremely stable so I don't need the emergency fund to be that liquid but would like to get a better return than a typical savings or CD offered keeping it in the bank. Have considered investing in an ETF (have done so in the past) and still have my Ameritrade account still open but any particular advice or something that I should look to put it into.

honestly that's not really enough money to bother with the risk of getting any return on.

like fantasycurse said... if you get 5-7% ... that's what.. $200-$300 bucks? is that worth the potential risk of losing 10-15% in the short term?

I think the first 6 mo. of your emergency fund should be in cash or an ETF like MINT that is virtually cash.

If you had another 6 mo. beyond that and were willing to accept some risk you might look into an ETF that threw off a little yield like JNK or PFF/PGF

MINT and JNK are not cash substitutes. They are junk bond ETFs. They have serious risks, even MINT.ETA: correction, MINT isn't a junk ETF. But it does have significant credit risk. At. 0.75% distribution yield, why take the risk when you can get 0.80% in an AMEX savings acct?

 

[Christo]

 

[NREC34]

So much of the IDRA story is based upon the big investment of Baker Bothers and Pillar. The below is a good explanation of their investment in IDRA and the agreements they made with the Idera BOD.

Hi Seel. Let me assure you that despite the decrease in the number of actual voting shares owned in the 4th quarter of 2013, the Bakers have done nothing but increase their stake in this company over the course of the past 9 months (covering three secondary offerings.)

The Baker Brothers own a combination of 3+ million (voting) shares and 40,000,000 pre-paid warrants that, if exercised, would give them a 40% ownership stake in IDRA. The warrants are pre-paid, meaning, for example, that in the last offering, instead of paying $4 per share, they paid $3.99 per warrant, with each one exercisable for a penny.

The Bakers are operating under an agreement with IDRA'a board to keep their common stock (voting rights) under 5% of the company. They would be allowed, with 60 days prior written notice to the IDRA board, to exercise enough warrants to own 19.99% of the common shares (voting rights) of the company, but never more at any one time.

This means that the Bakers, in an effort to own as much of the company as they can at this early stage - while staying on good terms with the board (two members of which are part of Pillar Investments, the other major IDRA stakeholder, which is operating under a similar agreement) that they were willing to tie their money up in the company in a very illiquid arrangement. They will not be able to unwind this investment quickly under any circumstances. This is a hugely bullish indicator.

The arrangement is noted by the company in one of the February 5th SEC filings, which you can look up (I'm too lazy right at this moment to go find the link... apologies, but it's late.)

If you total up the value of their stock and warrants, you will find that IDRA, despite its tiny size, represents the Bakers' 9th largest holding by dollar value.

The Bakers are all-in on this. You just have to read the fine print to know that. Don't let anyone frighten you by pointing to their sale in the 4th quarter (which they did in exchange for warrants in the last offering in order to keep in compliance with their agreement) and try to convince you otherwise

Down about 20% so far today.

 

[Skylord]

Anybody have the balls to try and call the bottom on some of the Chinese stocks?

 

[identikit]

So much of the IDRA story is based upon the big investment of Baker Bothers and Pillar. The below is a good explanation of their investment in IDRA and the agreements they made with the Idera BOD.

Hi Seel. Let me assure you that despite the decrease in the number of actual voting shares owned in the 4th quarter of 2013, the Bakers have done nothing but increase their stake in this company over the course of the past 9 months (covering three secondary offerings.)

The Baker Brothers own a combination of 3+ million (voting) shares and 40,000,000 pre-paid warrants that, if exercised, would give them a 40% ownership stake in IDRA. The warrants are pre-paid, meaning, for example, that in the last offering, instead of paying $4 per share, they paid $3.99 per warrant, with each one exercisable for a penny.

The Bakers are operating under an agreement with IDRA'a board to keep their common stock (voting rights) under 5% of the company. They would be allowed, with 60 days prior written notice to the IDRA board, to exercise enough warrants to own 19.99% of the common shares (voting rights) of the company, but never more at any one time.

This means that the Bakers, in an effort to own as much of the company as they can at this early stage - while staying on good terms with the board (two members of which are part of Pillar Investments, the other major IDRA stakeholder, which is operating under a similar agreement) that they were willing to tie their money up in the company in a very illiquid arrangement. They will not be able to unwind this investment quickly under any circumstances. This is a hugely bullish indicator.

The arrangement is noted by the company in one of the February 5th SEC filings, which you can look up (I'm too lazy right at this moment to go find the link... apologies, but it's late.)

If you total up the value of their stock and warrants, you will find that IDRA, despite its tiny size, represents the Bakers' 9th largest holding by dollar value.

The Bakers are all-in on this. You just have to read the fine print to know that. Don't let anyone frighten you by pointing to their sale in the 4th quarter (which they did in exchange for warrants in the last offering in order to keep in compliance with their agreement) and try to convince you otherwise

Down about 20% so far today.

Killing me.

 

[NIU Kicker]

So much of the IDRA story is based upon the big investment of Baker Bothers and Pillar. The below is a good explanation of their investment in IDRA and the agreements they made with the Idera BOD.

Hi Seel. Let me assure you that despite the decrease in the number of actual voting shares owned in the 4th quarter of 2013, the Bakers have done nothing but increase their stake in this company over the course of the past 9 months (covering three secondary offerings.)

The Baker Brothers own a combination of 3+ million (voting) shares and 40,000,000 pre-paid warrants that, if exercised, would give them a 40% ownership stake in IDRA. The warrants are pre-paid, meaning, for example, that in the last offering, instead of paying $4 per share, they paid $3.99 per warrant, with each one exercisable for a penny.

The Bakers are operating under an agreement with IDRA'a board to keep their common stock (voting rights) under 5% of the company. They would be allowed, with 60 days prior written notice to the IDRA board, to exercise enough warrants to own 19.99% of the common shares (voting rights) of the company, but never more at any one time.

This means that the Bakers, in an effort to own as much of the company as they can at this early stage - while staying on good terms with the board (two members of which are part of Pillar Investments, the other major IDRA stakeholder, which is operating under a similar agreement) that they were willing to tie their money up in the company in a very illiquid arrangement. They will not be able to unwind this investment quickly under any circumstances. This is a hugely bullish indicator.

The arrangement is noted by the company in one of the February 5th SEC filings, which you can look up (I'm too lazy right at this moment to go find the link... apologies, but it's late.)

If you total up the value of their stock and warrants, you will find that IDRA, despite its tiny size, represents the Bakers' 9th largest holding by dollar value.

The Bakers are all-in on this. You just have to read the fine print to know that. Don't let anyone frighten you by pointing to their sale in the 4th quarter (which they did in exchange for warrants in the last offering in order to keep in compliance with their agreement) and try to convince you otherwise

Down about 20% so far today.

Thankfully it was up almost as big last week.

Some BS research firm out out a report saying the next generation won't pass FDA. They have pulled this same stunt before with other companies that had stocks rebound for 100% plus.

Obviously I'm pissed, but I'm holding.

 

[fantasycurse42]

Killed on IDRA

Bought more today and am now holding 7,000 shares.... Cost basis is about $5.30

 

[identikit]

Killed on IDRA

Bought more today and am now holding 7,000 shares.... Cost basis is about $5.30

Doubled down myself.

Oy

 

[NIU Kicker]

Killed on IDRA

Bought more today and am now holding 7,000 shares.... Cost basis is about $5.30

Doubled down myself.

Oy

I'm not doing a thing untill they anounce results by the end of this week. I suspect we will see a big bounce from here.

 

[siffoin]

Killed on IDRA

Bought more today and am now holding 7,000 shares.... Cost basis is about $5.30

So these kinds of speculative biotech are the quintessential home run/strike out play. There really is no middle ground. They take place in what should be considered the HIGH RISK portion of your portfolio and any single position should be limited to no more than 1.5% of your portfolio. Meaning - I hope your investment portfolio is around $2m+ otherwise you are taking on way too much risk and over time that will put major stress on the ability for you to grow your wealth.

It's also important to note that when you jump into the speculative biotech plays there really isn't a strategy for stop losses. Once you buy in to the "story" you are essentially committing yourself to see it through.

I've participated in many plays where the stock gets hammered right before a positive catalyst...and the ST down turn prior to the catalyst was MM shaking weak hands or manipulation or whatever you want to call it. The end result was the stock soared significant;y higher.

I've also seen stocks get run up before a catalyst only to have a negative result and the stock then get taken to the cleaners afterwards.

That's why if you buy into the story you need to stay committed because it is pretty much impossible to read the tea leaves and everyone is "speculating" on the "tells." Truly no one knows the future. It's all speculation on an extremely risky sector in the market.

Managing risk appropriately is the most important strategy you can use.

As for $IDRA...hopefully the news will be positive.

Good luck!

 

[Penguin]

Anyone know more details on this Google Class C stock distribution? I just got this email from Fidelity

Google Inc. will be paying a stock distribution of Class C stock on the evening of April 2nd, which will post to shareholders' Fidelity accounts on the morning of April 3rd. Please note that no action is necessary. The distribution will pay as follows.

Customers who have purchased Google Inc. (GOOG) shares on or prior to April 2nd will receive a distribution of new Class C shares on April 3rd. Shareholders will receive 1 Class C share for every Class A share they own. The Class A shares will undergo a symbol change from GOOG to GOOGL, while the new Class C shares will trade under ticker GOOG.

For example, if an investor holds 100 shares of Class A (GOOG) prior to the distribution, he or she will retain the 100 Shares of Class A (under the new symbol: GOOGL) plus receive 100 shares of Class C (GOOG) stock. The price of a Class A share will be adjusted to reflect the value of the Class C share that has been paid out.

 

[tommyGunZ]

I'll ride with you guys on IDRA. Order placed for 500 @ $5.

 

[fantasycurse42]

Killed on IDRA

Bought more today and am now holding 7,000 shares.... Cost basis is about $5.30

So these kinds of speculative biotech are the quintessential home run/strike out play. There really is no middle ground. They take place in what should be considered the HIGH RISK portion of your portfolio and any single position should be limited to no more than 1.5% of your portfolio. Meaning - I hope your investment portfolio is around $2m+ otherwise you are taking on way too much risk and over time that will put major stress on the ability for you to grow your wealth.

It's also important to note that when you jump into the speculative biotech plays there really isn't a strategy for stop losses. Once you buy in to the "story" you are essentially committing yourself to see it through.

I've participated in many plays where the stock gets hammered right before a positive catalyst...and the ST down turn prior to the catalyst was MM shaking weak hands or manipulation or whatever you want to call it. The end result was the stock soared significant;y higher.

I've also seen stocks get run up before a catalyst only to have a negative result and the stock then get taken to the cleaners afterwards.

That's why if you buy into the story you need to stay committed because it is pretty much impossible to read the tea leaves and everyone is "speculating" on the "tells." Truly no one knows the future. It's all speculation on an extremely risky sector in the market.

Managing risk appropriately is the most important strategy you can use.

As for $IDRA...hopefully the news will be positive.

Good luck!

Thanks for this...

Unfortunately, my portfolio isn't $2MM

Taking on some risk with IDRA, but I'm buying into the story. Even if the news is negative this week, I have long term faith in this small cap bio. I've done a decent amount of DD on this one and they have the right people in place in the company, BOD, & investors.

This thing got crushed today, which I think was a very well planned attack to make some quick money, obviously a lot of weak hands holding. If the analyst wrote the article with any type of inside knowledge, then he'll be going to jail I would presume. If he has no knowledge, his guess is as good anyone elses. Also, if he was so sure, especially with a catalyst within 7 days, why are they publishing an article today, why not just exploit and start mounting huge positions. I bet they're already out after a quick one day money grab.

 

[Eminence]

TWTR and FB starting to look buyable.

 

[siffoin]

In a quick examination of the Social Media Index top 10 holdings - EVERY SINGLE company (including TWTR and FB) is currently in a Bear Trend, Topped or Topping Pattern. I'd be cautious.

 

[fantasycurse42]

idra

 

[culdeus]

In a quick examination of the Social Media Index top 10 holdings - EVERY SINGLE company (including TWTR and FB) is currently in a Bear Trend, Topped or Topping Pattern. I'd be cautious.

Anything else on the broad market?

 

[siffoin]

In a quick examination of the Social Media Index top 10 holdings - EVERY SINGLE company (including TWTR and FB) is currently in a Bear Trend, Topped or Topping Pattern. I'd be cautious.

Anything else on the broad market?

Overall mkt is still bullish. It's a tough read and makes me think we're likely stuck in a 100pt range on the $SPY between 1800-1900 and be stuck there for a while. Nasdaq looks most vulnerable for a broad market. Certain sectors look like a topping bubble ($IBB). Topping doesn't mean topped and there could be more run ahead for sure. But a lot of market leaders are eroding.

As always- I'd suggest taking each position on its own accord and move in/out according to your own profit level. Meaning if you bought $FB last July for $20..I'd be less concerned and give yourself more rope to hang than if you bought it in Feb at $62.

 

[NREC34]

idra

Seems like a good buying opportunity maybe.

 

[fantasycurse42]

idra

Seems like a good buying opportunity maybe.

CEO possibly in a coma... Stock is down over 30% WoW...

Starting to think the news will be negative. Why else would he let this thing get pummeled like this? This is the opposite of creating value.

I'm starting to think the news is coming Friday AH.

ETA: I kinda feel trapped, I don't know if I'd recommend getting in. Doesn't feel like an announcement is on the horizon.

 

[identikit]

idra

Seems like a good buying opportunity maybe.

CEO possibly in a coma... Stock is down over 30% WoW...

Starting to think the news will be negative. Why else would he let this thing get pummeled like this? This is the opposite of creating value.

I'm starting to think the news is coming Friday AH.

ETA: I kinda feel trapped, I don't know if I'd recommend getting in. Doesn't feel like an announcement is on the horizon.

I'm tempted to buy more.

Oy.

 

[fantasycurse42]

idra

Seems like a good buying opportunity maybe.

CEO possibly in a coma... Stock is down over 30% WoW...

Starting to think the news will be negative. Why else would he let this thing get pummeled like this? This is the opposite of creating value.

I'm starting to think the news is coming Friday AH.

ETA: I kinda feel trapped, I don't know if I'd recommend getting in. Doesn't feel like an announcement is on the horizon.

I'm tempted to buy more.

Oy.

Don't do it to yourself...

The only reason I'm still holding is the upside has more gains than the downside for losses... I figure bad to mediocre news and we wind up down another 30% or so... Good news and we start marching towards $10.

However, with every passing day of no news, I suspect bad news - Why are they letting their stock take this kind of beating if they have the antidote? That is the opposite of creating shareholder value.

 

[sbonomo]

hmm, i may have to get in on this one as a long term play (idra). Did anyone listen to the earnings call?

 

[fantasycurse42]

hmm, i may have to get in on this one as a long term play (idra). Did anyone listen to the earnings call?

http://ir.iderapharma.com/phoenix.zhtml?c=208904&p=irol-irhome

All right here... Be careful, this is catching a falling knife.

I was so happy with this stock up until yesterday... Some nonsense article from some firm in ####### Buffalo that I've never heard of destroyed the momentum.

 

[siffoin]

idra

Seems like a good buying opportunity maybe.

CEO possibly in a coma... Stock is down over 30% WoW...

Starting to think the news will be negative. Why else would he let this thing get pummeled like this? This is the opposite of creating value.

I'm starting to think the news is coming Friday AH.

ETA: I kinda feel trapped, I don't know if I'd recommend getting in. Doesn't feel like an announcement is on the horizon.

I'm tempted to buy more.

Oy.

Don't do it to yourself...

The only reason I'm still holding is the upside has more gains than the downside for losses... I figure bad to mediocre news and we wind up down another 30% or so... Good news and we start marching towards $10.

However, with every passing day of no news, I suspect bad news - Why are they letting their stock take this kind of beating if they have the antidote? That is the opposite of creating shareholder value.

This is the process of this particular game (speculative biotech stock with a major upcoming catalyst). It being down 30% prior to the catalyst has no more significance to the outcome of the catalyst as if it was up 30% prior to the catalyst. If Wall Street thought the odds of a successful outcome were 95% this would be priced significantly higher. If they thought the odds were 5% it would be priced significantly lower. Wall Street is pricing the odds at around 50:50. So the honest reality is this: You've got $35k riding on a coin flip. Heads and you'll win $35k+. Tails and you'll likely lose $25k+. That's why you want to make sure the risk you are taking is well within your comfort zone.

Win or lose (and personally I really really hope it is a win) - the lesson here is to NEVER have so much on the line that you feel like you're Michael Spinks getting punched in the gut by Mike Tyson circa 1988.

Read my quote below from Jessie Liveermore...and live by it.

 

[NREC34]

Best to not do anything on IDRA, guys until Em tells us the right play.

 

[fantasycurse42]

idra

Seems like a good buying opportunity maybe.

CEO possibly in a coma... Stock is down over 30% WoW...

Starting to think the news will be negative. Why else would he let this thing get pummeled like this? This is the opposite of creating value.

I'm starting to think the news is coming Friday AH.

ETA: I kinda feel trapped, I don't know if I'd recommend getting in. Doesn't feel like an announcement is on the horizon.

I'm tempted to buy more.

Oy.

Don't do it to yourself...

The only reason I'm still holding is the upside has more gains than the downside for losses... I figure bad to mediocre news and we wind up down another 30% or so... Good news and we start marching towards $10.

However, with every passing day of no news, I suspect bad news - Why are they letting their stock take this kind of beating if they have the antidote? That is the opposite of creating shareholder value.

This is the process of this particular game (speculative biotech stock with a major upcoming catalyst). It being down 30% prior to the catalyst has no more significance to the outcome of the catalyst as if it was up 30% prior to the catalyst. If Wall Street thought the odds of a successful outcome were 95% this would be priced significantly higher. If they thought the odds were 5% it would be priced significantly lower. Wall Street is pricing the odds at around 50:50. So the honest reality is this: You've got $35k riding on a coin flip. Heads and you'll win $35k+. Tails and you'll likely lose $25k+. That's why you want to make sure the risk you are taking is well within your comfort zone.Win or lose (and personally I really really hope it is a win) - the lesson here is to NEVER have so much on the line that you feel like you're Michael Spinks getting punched in the gut by Mike Tyson circa 1988.

Read my quote below from Jessie Liveermore...and live by it.

What you write makes a lot of sense and I have way too much money riding on this POS!!

I'm sick to my stomach on this stock... I had a healthy gain last week and I thought this thing was on its way to the moon

I don't know how I got so deep into this thing. I'm young though, so I'll consider this an expensive much needed lesson.



The advice is much appreciated.

 

[eoMMan]

PLUG!

 

[The Ref]

idra

Seems like a good buying opportunity maybe.

CEO possibly in a coma... Stock is down over 30% WoW...

Starting to think the news will be negative. Why else would he let this thing get pummeled like this? This is the opposite of creating value.

I'm starting to think the news is coming Friday AH.

ETA: I kinda feel trapped, I don't know if I'd recommend getting in. Doesn't feel like an announcement is on the horizon.

Good Lord man dont kid around like that....

 

[The Ref]

idra

Seems like a good buying opportunity maybe.

CEO possibly in a coma... Stock is down over 30% WoW...

Starting to think the news will be negative. Why else would he let this thing get pummeled like this? This is the opposite of creating value.

I'm starting to think the news is coming Friday AH.

ETA: I kinda feel trapped, I don't know if I'd recommend getting in. Doesn't feel like an announcement is on the horizon.

I'm tempted to buy more.

Oy.

Don't do it to yourself...

The only reason I'm still holding is the upside has more gains than the downside for losses... I figure bad to mediocre news and we wind up down another 30% or so... Good news and we start marching towards $10.

However, with every passing day of no news, I suspect bad news - Why are they letting their stock take this kind of beating if they have the antidote? That is the opposite of creating shareholder value.

The company has said all along that an announcement will be made before the end of the 1Q. We should expect to hear something any day now, possibly in the AM.

Monday AM when I saw the huge drop I feared they made the announcement and it wasnt what I had expected. When I found out it was this ######## whos a paid shill for short hedge funds (check out the PRAN story, same guy wrote a hit piece took the stock from 12 to 7 only to have good news a week later) I was "happy". When I checked the Yahoo board and saw it was over run overnight by scores of short bashers that were never there before I became a bit more confidant that this is a short term hedge fund take down.

Its hard to ignore a 33% drop from the high in a weeks time. But at the end of the day the story is the same as it was a week ago or a month ago. It's a roughly $400M company with a small float. All the Investment companies and all the executives they have brought on only make money unless this turns into a $600M company because of the warrants and options. On top of that the insiders are BUYING the company. The company has already committed to spending money on other drugs based on the psoriasis results.

Its risky..... very risky. But I still think the right people are putting their money where there mouth is and that money is on the company getting positive results and a higher stock price.

 

[jamny]

why not...jumped in on some IDRA @ 4.60