Short seller who crushed Valeant just slammed another pharma stock

Discussion in 'Stock Market Forum' started by Rainman, Nov 10, 2015.

  1. JR Ewing

    JR Ewing Super Moderator Staff Member

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    SKLN:



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    10/24/2015Buy100.00002.67000.00267.00100.0000
    11/10/2015Sell100.00005.50000.00550.000.0000
     
  2. JR Ewing

    JR Ewing Super Moderator Staff Member

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    CXRX:



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    10/21/2015Buy10.000023.35000.00233.5010.0000
    10/24/2015Sell10.000033.20000.00332.000.0000
     
  3. JR Ewing

    JR Ewing Super Moderator Staff Member

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    NYMX:



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    4/17/2015Buy103.00000.97000.0099.91103.0000
    10/29/2015Sell103.00003.55000.00365.650.0000
     
  4. JR Ewing

    JR Ewing Super Moderator Staff Member

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    A little VTL:

    8/24/2015Buy26.00003.83000.0099.5826.0000
    10/15/2015Sell26.00006.32000.00164.320.0000
     
  5. JR Ewing

    JR Ewing Super Moderator Staff Member

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    CEMP:

    10/16/2015Buy100.000017.65000.001,765.00100.0000
    10/28/2015Sell100.000022.48000.002,248.000.0000
     
  6. turt

    turt Guest

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    It should be a good stock to ride back up if they can get around this problem. I wouldn't touch it at this point unless I was going to attempt a day trade.
     
    Last edited by a moderator: Jul 8, 2016
  7. ScooterBrandon

    ScooterBrandon Senior Investor

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    Hey JR thanks for sharing your trades!

    How much do we feel short sellers like this just make up bad press to cash in on the drop?

    I only use shorts as a hedging tool.
     
  8. JR Ewing

    JR Ewing Super Moderator Staff Member

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    Yeah, you've got to be careful with shorting - particularly on more volatile stocks/industries. I tend to use put options far more often than actual short stock positions. In fact, I like to use both puts AND calls on a lot of these speculative, volatile small and mid cap biotechs. I tend to buy the actual stock positions rather lightly most of the time on these types of things. Sometimes they go against me, and it's good to have a put for protection if I'm long very much.

    As for the short sellers putting things out there, they tend to skirt up towards the thin line between stating/overstating their case and putting out outright false info (which is illegal). I have always believed that Ackman is basically right on Herbalife, but he goes way overboard in pushing his narrative, and has gotten crushed in doing so. I made quite a bit of money there on the short side here and there, but I knew not to bet too heavily against it when other heavy hitters were long, and I knew when to step away.

    Ackman once gave a speech about HLF that he'd hyped up endlessly beforehand, saying that he had info that would destroy the company. It turned out that it was just more of him railing against what a bad business model MLM is. Many of us were expecting accounting fraud or other criminal activity among the executive ranks, or some other real smoking gun - which didn't happen. The stock soared up 25% during his long speech, AFTER which time I added to my small short position, knowing that the 25% pop upward wouldn't last. I eventually got out with a nice little profit and have since left it alone.
     
  9. JR Ewing

    JR Ewing Super Moderator Staff Member

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    Here's a few other biotech positions I've had that I still own some of:

    MNKD:

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    11/10/2015Buy280.00002.36000.00660.80280.0000
    11/11/2015Buy280.00001.91000.00534.80560.0000
    11/12/2015Sell280.00002.87000.00803.60280.0000
     
  10. JR Ewing

    JR Ewing Super Moderator Staff Member

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    BCLI:

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    9/28/2015Buy78.00002.39000.00186.4278.0000
     

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