i find it amazing that i am the only one here that thinks there is something WRONG when a stock runs from 21 and change to 16 and change and nothing has changed. in fact it happened on the lead up to incytes biggest event ever ASCO 2011.
This makes me feel management needs some fixes. At times companies must be conservative, i agree with this. At times you need management to be assertive, strong, guiding, leading....just look for example as apple. I feel it is time to replace some of the current team. I feel that they have lost the small investor. Why does the company need another 7m shares in options when there is 20m still not issued? And to go back to the 1997 plan? how many employees are still with the company and it is a completely different copmany that it was then. To me it seems like it is somewhat GREEDY.
currently i see 5 reiterations on the company in the last 2 days and raised priced targets UBS, RBS, JPM. Brean Murray. oppenheimer, Plus the comapny surprised everyone with there annoucement of the nda filing yesterday and the stocks gets a lousy .5 move. Something bogus in tinseltown if u ask me?
Just look at todays action, and look at the overall market. mkt trends up we trend down. I believe that it will be difficult to hold 17. as i write this it is right on 17 so here we go again.
This stock trades in trends and when it turns it to selling it turns hard and drops like 30%. i feel that the nda was released early to stop the tide of selling in the shares....as the selling had not run its gambit. (just look at the asco headlines today) one only needs to look at how we have traded both yesterday and today to see this.