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Astex Pharmaceuticals, AŞ Message Board

  • roryrae roryrae Mar 10, 2008 11:12 AM Flag

    Where are all the buyers ?

    Bought some shares this mornings at $2.32 and I don't like the action. Has anyone on this message board been buying ?

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    • Yeah, rory, I bought more the other day at $2.34. Wish I would have listened to you and sold at $7.50. Think all the potential bad news is priced in here. EORTC could be bad and still not move us much lower.
      In this environment, it is great to have so much cash on hand. It will make negotiations for future licensing much stronger since we don't need the money to make it through the next quarter or two like a lot of other companies.
      I think the problem with the market is people just don't have the spare money to buy stocks. Instead, they are cashing out holdings to meet personal needs. This won't change until the housing market, dollar and economy trends reverse.