RE:Re: Full Reversal: You are slick . . . butLattice, I love your most recent posts because they don't sound like a lunatic or paid basher.
You seem highly negative on the stock. Way too negative to have an objective view which is what you need to trade.
You want management to communicate better, laugh at the 60 share purchase in January which is fair enough but it really looks like you are shorting or have options that will be expiring worthless (like most options actually). I can seen why you got some heat from the bulls here.
As for timing on this stock if you really are an individual investor, my recommendation is to start fresh on this. Lose the baggage, lose the backseat driving on management and call IR to voice your concerns. Sneak out of lunch or break and call. Report back here or via one of our heated one-on-ones which I love BTW.
And don't focus on people's portfolio, that 50% BS. One trailer park loser on another board boast about his 6 figure trades but more credible long timers on that board speculate his rubbing nickels. Who knows!?
Lattice wrote: Scruggs, While it is usually not my practice to respond to posts that are directed towards another board member, I just had to chime in on how thoroughly impressed I am with your conviction on this stock! I must respectfully ask that you be sympathetic to those of us who are not working with a wealth management firm (such as yourself) and have to self-manage our own portfolios. And just because certain board members want to have a discussion on the short term share price fluctuations you should not construe this as an advancement against a sound long-term investment thesis.
After all, when guys like Ackman with all their resouces can be so wrong about a company it speaks volumes to how little we really might know; it is therefore only human nature that we question whether the share price knows something that we don't. So excuse some of us if we have some fun with the insider transaction data, the IBB correlation charting, or the sector rotation speculation .... whatever happens to be the flavour is for the day. We currently have a news vacuum from company's management, so if you have any insider pull on encouraging a news release it would be much appreciated. I see from your post that you have been appraised of a tuck-in acquisition that was quashed. Interesting, that puts an end to some of that speculation. 60 drugs in 36 months means a new drug every 3 weeks or so, which makes us long overdue for a new pill announcement.
I recall when you publicly declared to this bullboard that with each penny movement that the value of your shares changed by $200.00; and given that you said your share price is $40ish, a $7 drop to our current share price would make you underwater by $140,000 (you may want to check my calculation as math was not my best subject.) Given this, I find your calmness and your faith in the company's forward projections simply amazing. Unbelievable really. You must have nerves of steel.