NBIX is also an Index driven stock to some degree. NBI is down around 30% YTD
The run from $46 to $53 was all 809 driven and it gave all that back and some more. It got over bought so now its going to get over sold.
I'll go with explanation number one. The general market isn't down almost 20% in two weeks. :-)
The institutions control the price of the stock and safety data is a Binary event so they are going to lighten up their positions. Plus we have Brexit to deal with from a general market perspective.
I know you have meatballs on Ignore, but the trend is definitely going in his favor, as much as I hate to admit it. Losing $9 per share in 10 trading days for no apparent reason really turns the stomach . . . again. I wonder why there are 6 million plus shares short in the face of what looks to be positive safety data. Heck, the future value of Elagolix royalties comes close to supporting this stock price, imo.
as long as the over all safety data is equal to SD -809 its a Home Run if its better its a Grand Slam.
Its all going to be about the Marketing Label as 809 is not looking good given what we have seen in HC indication.
Sentiment: Strong Buy
I get it, but you've got some big meatballs to short it in front of safety data on Valbenazine and an analyst price target of $66. Of course, you have some 6 million plus shares short that share your opinion. Unfortunately, as a long, I can't say good luck and really mean it.
if I am bearish on a particular sector, I like to attack the high flyers. if i thought tech stocks were going to crater, I would target NFLX & AMZN because they are more likely to tank more than a CSCO, INTC, MSFT. NBIX is to NFLX like PFE is to CSCO. Gonna cash out next week probably.
Option Expiration Today so the market makers are play'n GAMES to get those $45 Calls to expire worthless........................
frogs, I call it Neurocrine Roulette. Round and round she goes, where it stops NOBODY KNOWS. Big moves for no apparent reason.
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