Okay, but as with other comments you post, this one is aimed at shutting down naive/incorrect information that goes into the "pumper" category.
Fine, but what is it about INCY that you like? I assume you are invested in the stock because you post on this Board. However, you decline to state why (as you did recently on another topic when the poster asked for your assessment of the company's pipeline.
You seem to understand the technology and the competition, so give us your expert opinion on INCY.
You guys get excited because some moron named Hans Black pumps INCY??
>>BLACK: I'll mention Incyte (INCY) which is a biotech company. Great products, a deal with Pfizer on an analgesic. A number of products in phase three, superb value here.<<
1. Incyte didn't have any products in Phase 3 at the time of that interview.
2. Pfizer's deal with Incyte has been a tremendous disappointment. Incyte was in multiple Phase 2's with the CCR2 inhibitor at the time of the deal in 2005. Pfizer has only run one Phase 2 trial since then - involving osteoarthritic pain of the knee!
3. Despite that trial, calling the CCR2 inhibitor an analgesic is a stretch at best.
Please don't post again about this moron pumper, Hans Black.
Congrats....I got in on Friday and was lucky enough to experience an 18% gain in just one day! Tomorrow, if the market holds up, should be another banner day. I'm looking for $3.50/share tomorrow, and plan to exit towards the end of the week around $4.00 for a 75% return in just 1 week by selling my initial contribution. I will still be invested in INCY, but on free shares!
When it comes back down again, I'll be repeating my buying process, and keep repeating until I rack up 100,000 free INCY shares on my original investment. About 3 more times of this, and I'll be there.
Its only 100 shares.. (and 100 at 2.85). But dont worry, INCY in particular, and certain types of bio-techs in general are massivaly undervalued compared to any measure you can think of. They have all been left for dead. This usually has a way of correcting itself, And, in my humble opinion will happen much sooner than later.