KERX - Keryx Biopharmaceuticals - NASDAQ

[jason22]

What do you mean by retail?

[mkmny]

ordinary people that are investing.
Not mutual funds growth funds, Ibanker , edge funds, etc.... it could be any

[jason22]

Thanks for the explanation

[mjstyle]

hi doc wat do you think the chance are this stock running up to 1 dollar?

[Dr PennyStock]

hi doc wat do you think the chance are this stock running up to 1 dollar?

Today?

[mjstyle]

i see the volume is going up a lot at at around the 60 cents area.

[Chris_Ben]

MJ - we are still in a battle against the company's that shorted the stock.  Hopefully this does not last too much longer as it looks like the buyers are starting to take control of the market, but a lot can still happen.  It is my understanding that as soon as these company's cash out their shorts, we should start to see the stock go up more quickly.  Doc, please correct me if I am wrong. 

[Dr PennyStock]

MJ - we are still in a battle against the company's that shorted the stock.  Hopefully this does not last too much longer as it looks like the buyers are starting to take control of the market, but a lot can still happen.  It is my understanding that as soon as these company's cash out their shorts, we should start to see the stock go up more quickly.  Doc, please correct me if I am wrong. 

You are absolutely right, the buyers are taking control of the market, but, still resistance from the shorts, also today is Monday and I don't see volume enough to great runs.

[mjstyle]

it looks like the shorts are still taking control of the market

[mkmny]

hey at least we are not at 54

[mjstyle]

we are now lol hey doc can you give us some ideas what's going on with KERX at the moment. THanks

[HELLAS1]

Some people may be giving up, selling off their shares. Who knows, big down volume a few monents ago, but no worries, I dont know if all your dreams of having KERX hit $5 will happen in one week. I think the best thing to do is hold on to this thing and see if you can sell off some contract options and get little premiums every month. That will help cover the amount you paid for the stock and free up some money for you guys to make more trades. Right now, the most profitable covered calls are in JAN 2009, but I recommend doing them month to month for strike prices of $5 or higher because you never know where this stock could shoot up to should some good news hit the wire!!

If you arent doing covered calls, u are definitely missing out!

[jason22]

Hopefully tomorrow we will have a better day and the shorts are done

[jason22]

Hey Hellas,

Wouldn't it be better to purchase at the strike price of 2.50?  Its cheaper and you can get more shares?

[mkmny]

selling covered calls not buying calls