RE:RE:Major Bull Market For Pharmas Starting Hi Sunshine,
im not advocating a stock buy back per say, I'm advocating MT set a floor that will initiate a stock buy back if the SP falls below. I really hope they do not have to buy but let me explain the strategy behind this.
i am a believer in MT and a long in this stock who has not sold a share yet. Though their are days I question why? But nobody is perfect and neither is MT. He has been a great head of this company but one of the arguments the shorts have made they may have truth is he is not much of a chess player. I have not invested in this company for his ability to play chess however it is part of the game. The situation we are in is like the kid who gets rolled for his lunch money in school. The first time around (August of last year) it was the biggest kid in school, nothing we could do about it (I was not a share holder at that time).. The second time around, we got rolled by a middle weight in school (January 2016). Now since the takeover bid we have a reputation of not fighting and paying all the time so the weakest greedy people are in on this one.
This time around they are weak. The price is low, they have 85% of the available shorted float out, and they have some traders that they use between themselves to knock this down lower. THEY ARE A PAPER TIGER. Very little ammo left. We are in the 9th inning depending on ER.
Now many here will say let the marker decide and if you are long.....yes you are right. However, MT will forever have a target on his back from every kid in the school yard moving forward that he is an easy mark. Short some dollars today, no problem, just go roll MT for his lunch money, he won't fight back.
These shorts are also fuucking our chances at a fair buyout which is now pissing me off!
so what do we have, good results on Friday (hopefully), with a possible buyout. Now turn around to all these punks who joined in at 41.00 and send them the big FU. Under 28, or 29, or 30 and we are buying our own shares back. Why, cause we already have a solid floor at those levels, you just reinforced a cracked floor, and the stock price will have to drop below those levels for the 41.00 shorts to have any chance to cover. Secondly, by doing so you call in the cavalry. You announce it on BNN, FP and any other news agency. Why, cause now all institutional and retail investors will join you in buying at these amounts as they fell the "falling knife has hit the floor". Who doesn't want to make money? You set 100k share buy at 29 to show you mean business, and everyone else will help you support that price. And guess what, these shorts are so weak they will not be able to penetrate it. So what are their options? To me you always BURN a paper tiger.
This is just my option and please feel free to debate why it won't work or better ideas.