There might be a buyout in a making and if that's the case I believe OPXA is worth it at this stage $8-$9 a share and then once approved at least $16-$18 or more.
lets hope for the best!
For the most part (excluding the federal reserve's printing press), money is like energy; it's neither created or destroyed... just transferred. Making money in the markets is never that easy. I wonder why people believe in overnight 10 baggers? The CEO said in a recent interview ‘It’s a complication of the industry ... Phase 3 can easily cost $100 million on its own.’ so I suspect it may be a while longer. In the meantime this can trade downwards again as people lose patience. If you're not on board for the long-term you may want to consider taking a short-term loss and moving on. A momentum trader should have tight stops. JMHO.
approved 16-18, you have got to be kidding me, approved =50-60. but they will be bought or partnered in the next week, wouldn't be surprised if merk came after them to get an angle in on Novartis. But, we will see $10 VERY VERY VERY quickly. Like fighting AIDS, for ms it will be a several pronged approach and, nov is in GREAT position to swoop up OPXA now that europe is in on their pill. Someone did their reasearch here, it was the steroids....side affects=nill and results=[ huge. I hold to $12 and sell 25%, and 25% stop at $8 should it hit that again, and otherwise 75% of my position will let it ride.
$10.50 would be a bargain as it would only value OPXA at $200MM market cap. $8-9 would be very undervalued as would $10.50. Thats pocket change for the big pharma cos.
I have no clue why OPXA is trading for anything less than $300MM market cap which would be about $13/share right now. Promising results for most patients and clear issue resolved (patients were on steroids) for other patients that didn't show improvement.
OPXA will trade higher from here. It may not be tomorrow or next week, but by year end it will be at least $13/share. I'm staying put with my position and may buy more. These small day to day moves are meaningless. It's the big chunks of gains that are upcoming that will count most.
GO OPXA!!!!! Especially for the MS community.