But I sold at the close. I figure that Dr. Rddy's will be very aggressive. I hold out hope long term that astex will have a shinny moment. But in the mean time, it's probably safer to wait this out. I agree with Bucket that earnings are going to be poor and astex may have to now come forth with a dire revenue picture. They will not want to be sued, so they have to be very clear on earnings.
This may look like a roller coaster for the next few years. My hope is that it trades in a range and on weakness you can make a few thousand dollars buying and selling it. I figure they will have a long Q&A when they announce numbers. My experience tells me that a haircut will be coming now that Dr. Reddys has moved forward. The other thing we have to worry is that Dr., Reddys gives a number that looks strong on dacogen sales. They are going to put a major dent in revenues for astex.
Eisai also could give a very conservative number on USA sales and that would also drive a stake in the heart. First thing CELG announced was cutting out the sales force on vidaza. Eisai may use the same strategy. Do your own DD.
Did you buy it back during one of your blackout periods .,. You said you were out and OPK was the better buy Astex is up 30 % since you said that. You have zero credibility Is the gerbil jealous of bucket?