just relax and stay long. too many panic-riddled day traders round here. offering is over, there will always be a few volatile days until it resets and continues upwards to catalysts etc.
look at BIOD for perfect example
Yes, nice catalyst with insider that dumped a BOATLOAD at the lowest point in May:
If he sold at $4.40, does that means he doesn't think it is worth $5 and will fall further?
Date Insider Shares Type Transaction Value*
May 5, 2013 MULROY ROBERT J. Officer 50,000 Direct Option Exercise at $2.19 per share. 109,500
hmmmm. hate to say i told u so but I TOLD YOU SO. only thing i was wrong about was its happening a bit quicker than i thought, which is even more positive. sentiment is positive on MACK, get with the program
More likely he was aware that they were considering an offering down the road. He's long at 2.19.so sale at 4.50 is over 100% profit. . Looks like it was one third of his position. I think I would do the same thing.
MACK has multiple Phase I, II and III trials underway, a strong balance sheet and the aforementioned upcoming clinical trial catalysts. Yes it may drop more but this was very recently at $7 a share. Little has changed except the offering and with all the pipeline it will start grinding back up in a couple of weeks. I will be happy to see u then
But you are the guy who made lots of wrong calls for ARENA (ARNA) and VVUS. God help us with people like you making predictions on a stock. Offering is over and that is why it is falling more. You need sales people to push and keep a stock up so they can earn their commission. The brokers are given an allocation of stock they can buy at $4.70 and selling at $5 is their profit margin. So, they have motivation to manipulate the price and call on their clients to buy at $5. But now everything is sold there are no brokers/salespeople to push the stock so down it goes. Like the other person quoted usually the bio stocks fall 15-20% in 2-3 weeks after the secondary IPO. So we should see $4.20-4.30 range in two more weeks.
Hate to say it but you hit the nail on the head. Lucky for me I made a nice profit on 200 shares B4 this BS happened& somehow 1 share got email@example.com as my broker&I had a low order in @7.00 to protect gains& I only had 100 left-wieredest thing. But it's gonna take some time for it to go back up, but we who already made money should just hold onto it for the future.
You gave a bad example as in 2010 Biodel was in $18 range for a year. In 2011 it was under $10. Then for 2012 and most of 2013 it was $2-2.50 range.
Only in the last two months it went over $4 and above and swooned down by about $1 before several pump and dump articles came out. But if you look at it long-term, everyone got killed. Again, look at most of 2013 it wast trading in $2-2.50 when the stock wast near $20 at one time.
That is really a laughable example you gave.