Post by
fundtrader on Sep 14, 2016 9:46pm
If it gaps up.. go long and buy boat loads
10 million shorts or 30% float needs to cover..i am sure they are scared of a news release on strategic review. Generally pharma stocks tend to do well this quarter and after the beat down this summer. Huge recovery on its way.
Comment by
rad10 on Sep 15, 2016 9:31am
I have no proof. But I should imagine Cinven is sharpening their carving knife getting ready to take their pound of flesh and increase their ownership stake near this price point.
Comment by
PROtrading on Sep 15, 2016 9:38am
That's pure speculation here Rad10, what I've like to see is the details of the Cinven-AMCo deal in terms of the "conditions of sale". They say the sale was completed last fall, I don't think it was. It's possible Cinven can just wait till Feb 2017 to pick up what's left. By that time, the SP could be pennies!
Comment by
smallshort on Sep 15, 2016 9:40am
Has anyone here done that and posted a summary? If so, where would I find it?