Don't know why Dctrig is bashing this stock now but oh well.....
First of all, I'm not in it but it's more a matter of not having dry powder to spare. Science alone, I like CYTK and think it's got a great chance to make it to an NDA approval...PPS isn't reflective of opportunity but, do some research, and don't let the negativity of some prevent you from owning shares. I might be in or I might not before a big northward move by this stock....it's all about timing.
hawk: Negativity or positivity has NOTHING to do with buying and selling trading decisions. Blum made a VERY unfriendly move against retail shareholders with the excessive and preemptive 1-6 RS. I laid out my case and as I predicted the institutional shorts had a field day. I can't say I won't ever again take a position in CYTK; however, my trust level with Blum is quite low.
you probably would have made some money anyway with the RS..just not as much as you did with the other company.. I know I made money with CYTK in selling at $13 and plugged a good chunk into SGYP and am happy there for now...but...I may to be back but it's more about timing for me than anything else...it's not about Blum. Let that part go as it's not going to make you any money by being angry...IMHO