Insiders have been selling since February up thru July 12th. Michael Mason (VP) sold 14,000+ shares at
$50 on July 12th. I was going to buy this stock on the latest pullback but will wait until the insiders come back in. IMO this could be around $35. Great potential in ALNY but not at the current price and I believe the run-
up was overdone.
ALNY is just coming back to true value. After the July 11 Phase 1 press lots of people thought they saw a chance for a quick buck. Phase 1 announcements are worthless. No big pharma will look at contracting after just a Phase1 announcement. Not even after a Phase 2. ALNY will be dead in the water for at least a year and a half. In the meanwhile there are many rising stocks that did the rise on something other than a company pump, they did it on results. I wouldn't touch this stock with a ten foot pole until it is in the threes. Buy stocks on results, not on company pumps.
Your post does not make sense. "Great potential but not at the current price". If there is great potential then it will be way above its current price eventually.
I hear what you are saying. You are saying that you think it will go lower. But let's be clear. If there is 'great potential' then it is a good buy right here. If there is not great potential, then why even buy @ $30?