Confusion and uncertainty in Medical community and the shorters
Yes the stock is trading near the 52 week high but does anyone feel like me that the ADCOM approval first and then the FDA approval will be the catalyst(s) Exact Sciences gets to finally convince the confused medical community and then investors to propel EXAS stock price into a short squeeze?
Lord knows we have a lot of good news without a stock parabolic rise.
This thing is not gonna move much until we know what Medicare will pay for the test and what the interval for testing is. I am not expecting 20s next week even with positive FDA advisory committee recommendation. Exas will most likely have a slow move up throughout the year and definitely not like what ICPT did.
No one will be more happy than me if I am proven wrong!
see if you are long termer in this stock like me, then we understand the story here. merchandise needs to be accumulated first over a period of time when the shop opens on buzz day. May 27 is the date of the liftoff. we still have plenty of time for weak hands to get bored and leave. meanwhile keep accumulating periodically
did you not see Maxim's move today morning. raising target to 8 from 6 ? this beauty has never been below 8 last 2 years. And now they come and move UP tgt from 6 to 8.. and reducing from HOLD to SELL. ask youself why this move ? why 7 days before a massive ICPT type coming move. See, the New England study has shown very powerful results compared to expectations of the community. Mkt is pretty huge too 25% of 80 million times $500-$700 and put a fraction multiplier on it. Huge rev numbers shaping up.. accumulate my friend..