I wonder if all the people selling realize that the very positive top line data will be discussed at the AACR meeting on Monday. That's in one week. This seems like it could be a nice trigger. I don't know, what does everyone think?
I think there will be 10-30% increase on 4/7. People are only selling now because there's a lot of fear regarding the biotech sector. I take this fear as a temporary discount to buy PBYI. The company has had steady gains and will continue to rise.
Man. I have never seen a stranger market. The VIX is low but high beta stocks crushed. This should prove to be a great entry point on PBYI. I mean there should be a very positive review of the I-SPY efficacy data at AACR on Monday. So the rebound could begin within one trading day...
Now just a few days away. The topline results were very positive. It looks like there will be an oral presentation on Monday. Those are usually good events. Physicians don't want to waste time with oral presentation unless it is something positive or an advance of some kind. At least I am expecting good things. I don't know about a 20% increase from here but should be a positive day.