Clovis Oncology, Inc. CLVS
0.08 +0.08
Day range unavailable
52-week range unavailable
Discussion (3636)
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- GS is the one shorting this down. We already know their cover price- $1.50
- ALGOs are back on!!!!
- NOW, sit back and watch as this little bubble pops today
- Given this is at the top of the current range, a short sell would not be ill advised. Odds are you will be able to cover in the $1.40 range
- IMO the downward pressure here will continue for at least 5-6 more weeks, till readouts/ results/ or a MAGIC PR
- Fact is, the hedge funds turned ALL algos off yesterday, to avoid market implosion. There is a lot of CASH still floating around, and RATEs are rising again. You can expect the downward PRESSURE to return here.. likely TODAY ;)
- This move shows just how VOLATILE CLVS is. Shorting MMs move this down as easily as it moved up. So, I would be careful loading up at this point. ;)
- Logical to predict the price swings here will continue on, for at least another 5-6 weeks. Until we get that MAGIC PR, there is not enough support to stop DOZENS of active short ALGOs
- Keep in mind, I am long to the tune of $20,000, including CALLs. But, SMART is smart. Have to recoup losses somehow. And, I dont see this running 300% anytime soon
- Probably would not be ill advised to start up a short position here, given the range capability right now. Especially if you have lost $$ on the downward pressure.