Earnings are out and IMGN did unbelievable for last quarter. They almost showed a profit after their drug wa approved only last period. The stock should be up over $2. Over today. Thank you Riceen.
Big wall @ 16... Heck of a resistance
Resistance at 16 ? Maybe day is not done. OOPs it is.
The new year end guidance is expected to be bigger. It is expected to be 6 million more. This is not good. Scan for the word guidance. This means some bad quarters ahed.
Some bad quarters ahead, plural? You do realize that their year ends in June?
And you might notice the cash balance guidance was up a good bit. That is far more important than earnings in this pace (though that will shift in 2 more Qs when T-DM1 royalties start showing up).
The stock has been consiladating for a year or so, but do not be surprised to see a slow steady move to the low 20's as dady Roache starts to disclose Kadcyla sales.
Ahead and not ahed
$2 you are dreaming, it's down in the premarket, so you should buy some now!