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Alkermes plc Message Board

  • mundeleinmike2 mundeleinmike2 Oct 12, 2010 8:10 PM Flag

    Take the profits

    I am long ALKS and I have played enough FDA decisions to make a somewhat educated suggestion that if this pops up in the morning, it will be a good time to lock in your profits, as it will very likely sell off, and probably fairly quickly. I do think the selloff will be more limited than with other pop-and-drop FDA approvals because of the 2nd PDUFA being just 10 days away or whatever it is....but more times than not you see profit taking after the initial pop on the approval...don't forget this sucker has already doubled or something this year, so there are lots of folks with lots of profits who have waited for this news. I am not a short, I am not trying to BS anyone, I frequently invest in FDA decisions, and in my opinion, this happens a lot, so if you have big profits, you may want to consider taking some off the table at or near the open. Those of you who are looking for some crazy runup or a double on this news, you are out of your minds. Vivitrol is really not that big a deal, and it will never make a lot of money for this company. If you do stay in, I would guess that you would for sure want to exit immediately after the Bydureon approval, as this will likely be dead money after that, and I do not know their cash position, but if they need money, there is very commonly a 2ndary offering shortly after FDA approvals. Best of luck and congrats to all...

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