I am back, thanks for your cheap shares. Still believe it would reach $10 in this month. currently there are 5 strong buy and 1 buy rating among the six analysts. If you selling your share cause listening TO Fool, you are a fool. Sorry for my rude word.
You are correct, but sheep will always be sheep. They are warned not to use stops with this type of stock, don't listen, and get hosed. And, as you pointed out, they will do it again. if they just set their money on fire it would be faster.
Only about 20% short interest today so either alot of profit taking occuring or profit taking taking out stops and reaccumulation lower.
Expect a few more upgrades to PT 10 plus in the next 3 weeks. Also expect an announcment about our Biogen Idec Kinase inhibitor product moving to phase 1 trial before EOY. This will be huge. I think I have my finger on the kinase inhibitor used but cannot get my hands around it's target. According to what the target is, this could be very big for SNSS. None of this factored in the sp currently.
We are close to having more investigational studies sponsored by medical teams kicked off but I don't think we start those until 2013. These are like free phase studies to us where basically we supply the vosaroxin (which we already have manufactured and ready). We also should have a decision after Easter-early summer on our vosaroxin vs. Ara-C arm of the LI-1 study. Lots of things coming down the pipeline in the next 7 months.
You might be able to get out at the top for now but this stock will continue to climb north in the next 7 months as more data is collected IMO. Good luck all.