Good evening, Mit, long time no talk to. I hope you are well. I have a small position in SRNE. Does it bother you that it was down on fairly heavy volume today? The chart is looking very tenuous. We are assuming that the data is going to be positive. The stock may be down due to perception of some that there is something wrong and that is why the delay in reporting. Or...maybe the data is not as good as we thought it would be and some sellers are "in the know" or "think that they are". I swore after the HIPP debacle, that I would pay more attention to the stock price going forward. So now I am wondering....any thoughts??
My_honest - do you follow ARQL at all? They have a Phase 3 going on currently, 2 products in Ph 2 and several others in Ph 1/pre-trials. It looks interesting to me, trading near $2 but I don't own (just starting to look into it). SRNE looks great from here...buying more shares when I can.
there are LOTS of dummies who are involved in the stock mkt, and that's why it's a GREAT place to find inefficiencies. i've owned SRNE since $4 and early this yr the stock went up to $12, but then dropped to $8 during JPM conf...yep, "appeared sick - all sellers"...and i bot LOTS and made it a core position(after visiting company and meeting mgmt multiple time). now, knowing that $13B man by the name of patrick soon-shiong is 20%, i just sit back and watch the volatility knowing that my target of $30+ will be on track as long as i'm patient.
btw, if anyone doubts my credibility, just know that i rode QCOR from sub $5 to $140+ even as LOTS of people thot the stock was "sick."
Waiting for the P3 results to be released this month. Sould be excellent results at that. I expect next week we will see them as the conference will be in full swing then.
Sentiment: Strong Buy
Good to hear. I bought more earlier today on the dip. Too cheap here to stay at this level for long...going higher soon.
Sentiment: Strong Buy
hearing LOTS of great stuff going on w/ conkwest, w/ major catalysts.
further, SRNE's 10% ownership ALONE will be worth more than SRNE's current mkt cap once public, and that should be very very soon.
there are no real shares being sold here - just mkt makers dickering around, but expecting $20+ stock in the near future, imho.
What is the next milestone we are waiting for with this? Relatively new to the stock, so just want to know I should be keeping an eye out for. Seems like a good entry point with PT's im seeing.
mostly mkt makers dickering around, and some even trying to keep it down so big funds can buy cheaper - that's how they roll :)
don't worry - data coming soon, and then all the guys waiting on the sidelines will jump in...again, that's how they roll!