looks like kevin tang has more money coming in from china, double down on OGXI. If true, we should see a 5% 13F shortly.
I picked up around 100K shares this morning. I sure hope those guys are right. When they were hammering on ANTH I picked up 100K sh of it and at the time I was debating to go deeper, but prudence and all that. I told myself that the next time they were so certain, I'd go big. But it's a cancer drug and I've been burned on cancer drugs in the past, so I'm good where I'm at. I sold XOM and KO to buy ogxi, and oil and soft drinks are off their highs, so I hated to let them go, but I like to gamble, so here I am.
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the point of my long explanation is that we will get many people who is uncertain of what is going on, will sell on today's pop hoping to buy in cheaper, but will end up chasing, and then lose profits made early on. The cycle will keep repeating with both longs and shorts, while the long term trend from sub $3 will be going up, and we will be at $5 while the traders who thought they can "time" it correctly gains less than the extra 10 cent advantage they're trying to get by timing the pops and the dips.
Trust me my friends, just buy on dips, and hold good stocks like OGXI until fundamentals tell you there's less than 20% potential gains in a year.
shorts trying to play swings and scalps here and there with some profit takers.
Keep in mind people who take profits on the way up are in my book considered weak hands and are unsure of the full potential of the company they invest in. They use rational that it is better to take profits now and move to the next fast money maker opportunity that watch their stock get their true value.
I always consider valuation a metric of today's price vs the long term future price and consider the risks involved at that time I am analyzing the stock. In other words I look at the fundamentals of today and look at the future value of expected fundamentals at a certain point of time in the future. If there is a disparity between the two I consider that to be a decisions to buy, hold or sell a stock. If I cannot find a better opportunity then I keep buying or holding that stock. But it makes no sense to simply sell it and take profit simply because the stock looks to have moved too quickly in a short period of time. Getting use to this creates a habit to trade and believe a company's value is determined more on the momentum up or down based on stock price. That works short term but long term it is what causes people to be blind in the market and ultimately get less returns than if they were to simply buy and hold good stocks long term.
With that said, I do believe there was some profit takers and some shorts in today's volume. I still believe this is a $5 stock based on what they have, and we will see $7 sooner or later, so this portion of my account will help me gain the average 100% return I expect annually. I can tell you the average trader that sees his/her daily gain off lucky trades doesn't account all his losses because the loss potential actually increases when you move in and out of stocks, simply because you end up speculating whether you'll actually make any money based off how a stock moves vs knowing what you're buying.
Binary if u look at it as a make or break evwnt. I can foreswe the possibility of adding new indications, new partners for methods of cash increase with no dilution, additional acquisition of drugs to enhance pipelines. If they can execute these things before the one time binary event you mention in approx. 2 years then surely price can base from 3 to 5 to 7 to 15 in a 2 to 3 year time period. That's enough long term growth for me considering if they make it there and be more stable I can leave my money there until the new one time binary event is positive. As long as they don't keep diluting with no advancements both in potential and stoxk price I am good.
they are not selling dresses like Michael Kors. It is binary. Product get approved go to 20 denied go to 70cts
It can go up and down and I won't sell it. It's a double from here. just a little more time.
just wait until we get a partner to replace TEVA. don't you think the moment they parted ways, they were already looking. TEVA left because they closed their onco dept. I just hope the partner is not interested in acquisition, because that is a one time binary event. I want long term growth!
Lol. What in the world are you smoking. You made this post july 17th at best you shorted it at $2.88. I don't know if your aware but your down 10 cents. You have got to be the biggest clown i've ever met.
But wait there is more, 3-4 more weeks of upside is the timing cycle that will be followed by a secondary high but then another higher low since we are in a channel.
Sentiment: Strong Buy