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   Biotech / MedicalImmunomedics (IMMU) - moderated

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To: erippetoe who wrote (53661)1/13/2020 6:16:54 PM
From: zevenhuizen
4 Recommendations   of 59218
Probably is and , because of that, dropped the price right at the open. All those people on WS are in bed with each other, no question.Remember now , they are all out to try to separate you from your money.It's all part of the game.

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To: erippetoe who wrote (53661)1/13/2020 7:45:09 PM
From: erickerickson
2 Recommendations   of 59218
As you may remember, I'm not much for conspiracy theories, I think there's too many disparate forces at work for a concerted effort and they'd all have to work together to be effective, and my gut feel is any one of them would cheerfully sell out the rest.

But this kind of thing is enough to make me change my mind. What I love about this is there's absolutely no explanation of _why_ the margin requirements changed. IIRC this happened a year or two ago as well. And I have to wonder whether they raised the margin requirements for IMMU in general for all their clients or whether you're "special".

You say you got one "last week or week before". I'd guess the week before when the price started dropping. I suppose on the bright side they can't raise it much more.

Hmmm, and options are expiring Friday, another group who could have made some money if they were prepared for the drop.

I decided to try to see what the margin requirements were for my brokerage (Citi for reasons I won't go in to now) and couldn't find anything easily so I don't have a clue whether it's local to ETrade or not.

But on the Citi site there's a "Markit Research Team Consensus Report". And yes, it's "Markit". The 7 ratings services have 0-buy 2-hold and 5-sell. But then there's this gem:

"ResearchTeam's rating was correct 42.4% of the time, and incorrect 51.8% of the time", and "Coverage was dropped 5.8% of the time, due to less than 7 ratings"

So even if I give the "Research Team" the maximum benefit that whenever there were "less than 7" ratings services the call would have been correct, the "Research Team" is worse than flipping a coin!

Finally, I do wonder how much of a floor there is at the $17.50 range. Given that the recent offering was oversubscribed, how many institutions are waiting to snap up shares in that range? I have no clue of course, but it's fun to speculate.


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To: erickerickson who wrote (53663)1/13/2020 8:24:52 PM
From: trickydick
   of 59218
Thanks to all, had quite a few responses. I got the 80% call notice today.

It's just been so dam long and saps the energy out of you after a while. I mentioned before, I've been IMMU for about 5 years and have slowly added to my position as opportunities presented themselves

BUT, let's get this over with. I might die of old age by time everything falls into place. Or falls out of place.

That's what'll happen. I'll die on a down day like today and the following day it'll be at $40+++

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To: stockdoc77 who wrote (53594)1/14/2020 8:24:11 AM
From: sysiphus
3 Recommendations   of 59218
OT: Nice call on NK.

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To: trickydick who wrote (53664)1/14/2020 11:07:38 AM
From: duwhee
   of 59218

Don't worry. Be happy

I can only listen to this song once every ten years or so no more bad moods for you. :)

(I was going to say "once a decade" but did not want to get the technical foul)

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From: TinfoilHat1/14/2020 11:32:02 AM
2 Recommendations   of 59218
While certainly not an expert trader, I did stay at a Holiday Inn Express last night.

Pull up a chart of IMMU and add Bollinger Bands, then zoom out to a weekly view.

You'll see we cleanly bounced off the midpoint of the bands, which is essentially within one standard deviation of expected volatility. That drop was within the bounds of normal, my friends. Technical analysis, as whacky as it is, works at times.

Then zoom in to a 60min view. You'll see that yesterday morning we spiked down into a tweezer bottom, looks like a pair of tweezers on the candlestick chart. That's a bullish indicator that the suffering is over.

Hope this helps some of you sleep better, and totally agreed that WS is out to steal our lunch.

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From: EMU21/14/2020 1:46:28 PM
5 Recommendations   of 59218
Up 4% today and not one causation query?

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To: EMU2 who wrote (53668)1/14/2020 2:44:47 PM
From: erickerickson
   of 59218
There's some speculation that humans are hard-wired to react more strongly to negative events than positive.

Which makes some sense, finding an unexpected bit of food is a pleasant surprise, but not immediately threatening. Having a tiger leap out of the bushes has much greater immediate consequences.

Something I have to keep in mind when my stomach drop. Do note that I fully realize my stomach is stupid....

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From: erippetoe1/14/2020 3:15:34 PM
   of 59218
Odd. Today Etrade changed the margin requirement from 80% back to 65%... At least for one of my accounts. The other is still at 65 but it's not as IMMU heavy.

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To: erippetoe who wrote (53670)1/14/2020 4:54:04 PM
From: li3511
   of 59218
> Odd. Today Etrade changed the margin requirement from 80% back to 65%

The margin requirement goes up as your concentration in a company or industry goes up, and your concentration in IMMU goes up as the share price goes up.

Conversely, when the share price tanks (like yesterday) the margin requirement can go down.

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