Posted On: 06/18/2016 11:36:34 AM
Post# of 72447
Re: NotRichYet2 #24320
A stock USUALLY has to wait awhile before options are available.
HOWEVER: AXON is a company that bought a failed Alzheimer's drug for 5 million dollars from the big pharma that had shelved it because it was seemingly ineffective. It is in the same category as the current types of Alz treatments, which have very little efficacy. Wall Street insiders set up AXON, had a big IPO, and had a 3 Billion (yes with a B ) dollar market cap at the IPO.
Within days after that IPO, there were options. The stock fell from 30 at the IPO to its current level in the 10's (not even up to teens now).
http://bigcharts.marketwatch.com/advchart/fra...p;state=11
I wonder why there would have been options so unusually quickly. I wonder, I wonder....
HOWEVER: AXON is a company that bought a failed Alzheimer's drug for 5 million dollars from the big pharma that had shelved it because it was seemingly ineffective. It is in the same category as the current types of Alz treatments, which have very little efficacy. Wall Street insiders set up AXON, had a big IPO, and had a 3 Billion (yes with a B ) dollar market cap at the IPO.
Within days after that IPO, there were options. The stock fell from 30 at the IPO to its current level in the 10's (not even up to teens now).
http://bigcharts.marketwatch.com/advchart/fra...p;state=11
I wonder why there would have been options so unusually quickly. I wonder, I wonder....
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