The "excesses" of EXAS (Exact Sciences Corp)
Now here's a great business model. Have people shit in a plastic bag and send it to you so that your "crack" team of technicians can sift thru it and determine if you have colorectal cancer.
Makes sense I guess...but what if your clients miss the bag?! EXAS needed to breach the 52 week high of 38.92 to generate a long term confirmed top. It just did that and is also signaling short term sell. Looks like teh shit is about to hit the fan on this one. High of 38.94, but there is too wide of a spread on the put options. Plus too thinly traded for my tastes. Long term target? >>> Bankruptcy.
7/27/17 update: Time to rejigger this trade being that the 42.18 high is going to get taken out. Hoepfully there will be some volume trading in teh put options. Out here at 37.65 for just over a $1/sh gain on that short.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=exas&x=35&y=12&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
8/31/17 update: Toldja thisn would be back. Put options not trading anywhere near enuff volume so I will just log in a short at 42.25. Now at 41.90..."live!"
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=exas&x=56&y=19&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
8/31/17 after the close update: This limit to short at 42.25 not filt today so it stays open GTC.
9/6/17 12:04: Limit odor to short EXAS at 42.25 just filt
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=exas&x=55&y=13&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
Once again, no volume in the put contracts but I will check again once the short term sell signal is triggered.