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Astex Pharmaceuticals, Inc. Message Board

  • freetoquestionu freetoquestionu Jul 15, 2013 4:41 PM Flag

    Wish I didn't have too

    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.

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