Add this thread to your favorites. Mark my words. IF I AM WRONG, come back to tell me how stupid I was.
Here is what will happen if it get approved or rejected:
1) Approved: pps will not move up because the price is already in the current price. 2) Approved: pps will drop shortly after realizing that it is all that cracked up to be. 3) Approved: pps will drop at least 10% 4) Rejected: Prepared to lose at least 25%
Am I bashing BPAX? no... I have been trading biotech for many years and i know that there are many bag holders here. I am just trying to warn them before they dig themselves deeper graves. As I've said before, if I am wrong, please revisit this thread to show the board how stupid i was..
you give 4 reasons for what you "think" will happen to the PPS when approval or rejection is announced.
Yet you give no facts or reasoning as to why or how you come to such numbers... IE BPAX has run up 500% so the approval is priced in...
if anything stocks price in the percentage of approval so if the approval chance is 75% one might expect that % to be priced in and the stock action must also show that percentage. the market IMHO has given approval around 25% chance upto this point depending on the price movement on monday we can revisit these numbers.
why are you posting negative notes on a company that you obviously are short from your (strong sell rating)
and please note the cash on hand in this company sets the floor of the stock price.
Good luck on your side of the trade i'll remain long thank you.
It would be a major dissapointment for us all if BPAX does not get up to at least $1.75 , i think all of us are expecting that . last fridays action was strange and put a damper to my hope , i expected around 0.93 to close to on the right track to move up . its hard to tell now how it will play out , i guess i will settle for $1.50 , it will nt be close to what we expected but i am not looking byond that .