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Curis, Inc. Message Board

  • pits200 pits200 Apr 30, 2013 2:42 PM Flag

    Hard Come, Easy Go...

    Ridiculous, how many times has this stock done this in the past few months. This is a day trader stocks wet dream. Basing a biotechs numbers on earnings is ridiculous, everyone here who talks fundamentals should please stop, this stock has never held according to any of the fundamental charts.

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    • I agree that the day traders have a lot to do with this but at the same time; the shorts will cover and help these kinds of short-lived increases. The fundamentals are actually with this price of 3 to 4 since CRIS royalties are at the lowest end of normal. They have to renegotiate the rate with Roche. When I was working on a royalty agreement with Sanofi, we were able to double the rate!
      The valuation of CRIS comes from the fact that investors are forgetting the AU market and soon-to-come approval. Their other programs are in Phase 1 and that doesn't help the valuation. The other forgotten fact is the phase 2 trials to expand the indication.
      Overall, as I wrote earlier, I see $7 by the end of July that is to get AU approval (Q2), Genentech presentation (May 30) and the results of Phase 2 (I have to look up for the date) can push it higher.

1.84-0.020(-1.08%)Jan 30 4:00 PMEST

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