Should pop to $14.00...real price action will be after shorts' margin calls start coming in in a couple of days. We might drift down to $12 as the absolute lowest I foresee in the next month until the Japan catalyst or some more upgrades come trickling in causing the stock to make new 52 week highs...there is absolutely NO need to sell anytime soon. Remember what Peter Lynch said about selling "Don't sell when the story of the stock is getting BETTER and better, that's the time to ADD to your position, sell only when the story has gotten worse." Fact is KERX keeps getting better and better, taking his advice, you would of kept adding at each catalyst and be sitting on a nice mound of shares sub $10 right now. Why grind a nickle or even a buck when most analysts and simple mathematical valuation shows that we are undervalued by at least $10 per share...it'd take 10 $1 profits to equal just 1 buy and hold $10, plus you won't be incurring trading cost. Just sit still and enjoy the ride my friend. Smart money buys/holds long term when they got a sure winner (Peter Lynch and Warren Buffet are two great guys to emulate) don't emulate the nickle grinders that are here today and gone tomorrow.
I concur except I see $14.50 as intra day high on 6-8 million shares trading hands. This would give us a two day total of about 30% which is where I think we max out from this news event. Does anyone know if FDA will require a phase III trial as well for the CKD??