Yesterday VVUS got majority approval from advisory board and they doubled their all time high.. CHTP got majority approval from advisory board and they couldnt even close above their 20 moving day and their still down for the year????
MANY REASONS WHY...The drug has been already used in Japan for many years. not a block buster drug...sales will only be mostly in the USA...the stock will slowly move up to maybe 6.00..this company is still losing money and it's a small cap.
People thought it wouldn't be approved so the stock went down instead of up.Most stocks are raised for 3 days prior to an announcement ,this went lower which is a great advantage because no valuation in it yet so will go high now.
Take from an idiot whom likes to make money whenever possible. Let me know when the market starts acting like you want it to. Its bigger than you and me last time I checked. If it was easy we'd all be there at the end of the conveyer belt with our wheel barrows waiting out our turn. VVUS has had multiple ups and downs. VVUS has been in the news and that Obesity drug is worth billions of dollars. This one is a ways away and has at least some safety issues talked about to maybe keep it in line before the approval. Its market share is in the millions. This will get there but not today or tomorrow. The attention will diminish until the next news release. When that happens someone will leak the news the day before and you'll see the creep in the PPS with a little more volume. maybe followed by the hedge immediately trading it back to keep it underwraps while they prepare. Just look for the next popper and keep this one on your radar. otherwise wait for a low risk high reward trade setup.
VVUS is more widely held. CHTP is a low floater. And, its Friday. Friday is a tough day for low floaters. Friday is sepculators' day. They just took profit. Simple. Could still climb, but I keep my stops tight. If it strikes, Im out. I dont speculate.
just remember the medical application, we have lots more fat people who would love to take a diet pill. With CHTP our customers are in stages of Alzheimer and Parkinson. Whole different application. So if CHTP came up with a Cancer cure, we would probably be in the 50's
Hope that helps