50 shares exchanged hands at $48/share. don't get too excited, some moron made a huge mistake.
George C. Morrow, worked for Amgen and Glaxo Wellcome, and has extensive commercial and international marketing experience.
NBIX "getting all their ducks lined up in a row." Once FDA approval comes through for their tardive drug, which is imminent, they'll be ready to launch. The lunacy and idiocy by some in the last month will fade, and those who showed the calmness and persistence to recognize the important and relevant stuff never wavered, and will ALWAYS come out ahead.
If it wasn't for the fact that NBIX is still very over sold
todays bounce of $4 would be conceived as news leaking on one front (VMAT2 TD) or another (Buy Out) LOL
I posted I gave a sell order to Ed-Jones. Thought it was at $36. My bad, it did not execute so I saw it was a sell at $32. As I was in at $8 a share, I protected at 4 times the amount invested. Kinda glad I'm still in as we march upwards again.
this stock was way too arrogant to the upside, and now it's being shown the door.
to muscle this overhyped/over-rated punk to the downside.
8 to 36 why not 8 to 50. Why not sell calls or write puts to quote protect your position I will buy more and sell in. 60's or 70's. You and your ED Jones clown watch from the side lines
Why is an Ed-Jones guy recommending a super high risk biotech stock to his client? I thought the commercials I saw on TV said that is not their style. And why have a stop loss of $36 when the stock was at $50+. And congrats if you got in at 8 and sold at $36 but you didn't make an investment. You made a high risk GAMBLE and u won. There is no such thing as investing when it comes to biotech, it is gambling. And like I warned people for months, this biotech bubble was destined to crash.
Be greedy when others are fearful. NBIX will rise again. The biggest stock moves can occur when the 50dma & the 200dma are relatively close together. The stock downdraft result will be bringing these averages together very soon. Relative strength is 27. It's always darkest before dawn. If you believe in the company, and it's forthcoming drugs, you'll look back at this period in one of 2 ways ----- "I couldn't believe where this stock was selling, knowing what NBIX's chances were," or, "I wasn't thinking. I was scared, and afraid. Look how much higher the stock is today." It's your choice!