Keryx Biopharmaceuticals Inc. Message Board
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Secondary offering good , bad or indifferent
Any thoughts from longs ?
Sentiment: Buy
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Dilution is a necessary evil for ALL small biotechs with no commercial products. Companies need cash to function! Good companies time their dilutions to maximize cash and minimize shareholder equity costs, and that's what this is. Therefore, if you are an investor, it is good because it puts the company in stronger position long term. If you are a day trader then its bad.
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97% of the time a secondary is a death nail. Don't listen to anyone on here telling u its a good thing. Dilution of your shares is never good. As soon as the day traders bail today, kerx with crash. I have seen this too many times. Playing with fire here if u still own. I sold in pre market. didn't gain the 90 cents but didn't loose. be careful
Sentiment: Strong Sell
- 5 Replies to briveadus1
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as long as you made a profit and didn't take a hit it's a good trade. Don't worry about has been or has not as long as you got your profit. Most people get greedy and then have to take the loss and get #$%$. Don't be that guy ever. I been there alot when i was younger. When you get older you don't do that anymore.
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in this case it bad since they had enough shares already-buyer be ware!
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To Brive, Don't companies that have developed a Blockbuster Drug usually fall into the 3% group?
Sentiment: Strong Buy
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finally found some smart guy. If you can take a profit take it and sleep well, cause if it goes to $7 tomorrow your gonna be #$%$. They are offering more stocks never a good thing.
Sentiment: Strong Sell
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The market has already swallowed and digested the news without a hiccup.
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Offer is a good thing. Only remaining perceived fear was dwindling cash reserve. Benstur removed that fear at a time when the existing shareholders won't even feel the dilution. Excellent move. We are fully funded to Phase II pre-D results and buyout/partnership.
Sentiment: Strong Buy
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