Only Q is whether we hit a double bottom low of $25 ish or do we see more downside.....expecting a very strong Q.......acquisition would help.......story and strong business model and profitability remain in place.......but but we are in certified RGEN BEAR TERRITORY so its the limbo....how low do we go?
Good luck to all.
These companies will bounce very strong once the bear market is over, maybe Dec ; by then AVXL will be done phase 3 for Alzheimer's. So people is taking positions right now at $1.42. Do you DD please
Sentiment: Strong Buy
J - there was a time during the last year when we would be up when others were down......and up up when others were just up (so the relative strength was excellent) but the past few weeks were are not showing this relative strength thats for sure ha!
Hope hope hope you are absolutely correct......concerned about ongoing bear market and biotech big bear trend.....brings all boats down and particularly our "biottech" associated rgen.
We are nearlt at $25 anyway so no big deal if we are that close to the bottom. We have already dropped from $42 down to less than $28. I myself don't believe we will see that $25. .
Volume speaks volume and would be surprised if we did not see $25 and continued volume by
tech traders........very ugly very painful......then hopefully onward and upward,
Biotech needs to catch a bid and buyers need to jump in.......otherwise we continue da agony!
Unfounded. RGEN is more of a bio manufacturer than a bio tech/wonder drug company. Much more sustainable cash flow-- I would be a buyer here.
I understand the sector being down but this is way oversold IMO and we are going to see a very strong rebound in this stock. The fundamentals of the stock has not changed. I'm holding.
in the $25 is range?
Not fun that's for sure but stocks go up and down and have to endure these set backs or sell sell.......I choose to take the pain.......biotechs will recover and our story has not changed and should be solidified by another strong Q and we should be seeing an acquisition (hope hope!) to enhance growth.
Like Friday we saw very heavy selling most of the day and then some recovery in the last hr. or so.
Same thought......but we have been so fortunate that we have not reflected the poor biotech performance the past 3 months during this downtrend.......caught up to us today!
Reviewed the biotechs and they are really getting hammered with a sledge hammer!
Wow for anyone who wants to get in this would be a buying opportunity.......we have
been insulated from these SIGNIFICANT drops but today we are feeling da pain as
others have flet on days when MR MARKET IS PUKING!
It's been trading crazy for a month. Up $1 one day and down $1 the next. Wouldn't be surprised to see the stock up a few bucks on Monday. We shall see.