Calling a bottom!!!!!
STOCK HAS HIT BOTTOM in $36-38 range
BUY NOW!!! for long term appreciation over 30% by next summer!!!!!!!
Possibly 50% if research pays off faster than now expected.
Which research news? We need to be specific. All the news coming out HAS been good. Admittedly the biggest risk so far to nearterm improvement in earnings flow and pipeline replacement is MILNACIPRAN. It's the biggest risk because it's the biggest money, however it's the most reliable risk so far. The first Phase III was a success and FDA will fast track NDA similiar to procedures used for LYRICA (Pfizer). FRX and CYPB HAVE NOT suspended the trials nor testing, so indications are that it's still working, JUST LIKE IT HAS ALREADY been doing in Japan and EU for over a decade, so it's also gonna be safe as EXPERIENCE shows. And pain relief for Fibromyalgia will be large money maker. That's why people rushing to get or add the indication for it.
If research news isn't good........what is your prediction.
Let's just say for the sake of an argument that news is bad......what is your prediction on the stock then?
You realize that 30 is around the corner at that point, yes?
Still no answer regarding for support for $25 prediction in mid-nov. Yep, just bellicose assertion.
Why stop now?
Because if you shorted 6 weeks ago, you lost $2
If you shorted earlier in week at $36 you still out about $1.50.
On the other hand shorting and buying back on the same day has nothing to do with WHERE you tink a stock will be in 2 months, only your ability to maneuver and effect sales throughout the day. LONG TERM SHORTS now losing money and gonna lose more. That's why 35% of short interest retired from 30 days ago. DON'T BE THE LAST OUT THE DOOR!!!! Always worry about news coming out, and I hope you don't keep your shorts till 10/16. That's why shorts leaving now. Wanna be exposed to good research news?
where are your entry points
still shorting or selling at $36? You've lost on those. Shorts just looking for a way out. Retired 2 3/4 million shorts on last statement. Last 6 weeks price up $2
I know how to trade profitably. And this trade will pay off great. FRX ready to announce quantum leaps in replacing it's pipeline. We've had more status this week on several options.
I also don't use hope in my strategy. If you don't use hope in yours, perhaps you could expalin your $25 by November, and why people won't pay more than 8 times earnings for dependable drug earnings.