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AcelRx Pharmaceuticals, Inc. (ACRX) Message Board

  • minnesotafarmcountry minnesotafarmcountry Jun 26, 2013 10:51 AM Flag

    Volume dried up ...

    Selling done? Stickin' my toe in the water at $8.58

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    • Are most of the posters here investing short-term (active trading) or long-term (buy and hold)? If the former, do you hold a low-cost core position to capitalize on the PHIII results and possible buyout? Just curious as I'm a long, CB of $4.75.

      • 2 Replies to djbxr2
      • I WAS a long while trading around that core. I simply had too many irons in the fire this past week when the market started its meltdown, and I needed a mental break. I signed a nice real estate sale last night, took some pressure off, and decided to re-establish my ACRX position. At the moment, it is the only one other than two very small positions in SRPT and SODA that I've had for quite awhile. Long story ... there was definitely some real selling pressure happening here. I know some hedge funds were divesting, and obviously some profit taking. But, it does come back down to the confidence shown by insiders at the moment. What do you make of the decrease in institutional holdings per Yahoo? And, I thought on being added to an index, funds were buying ahead of it? There is very little float here, how are they going to do it? I really don't embrace any short squeeze theories. They don't happen often enough because the big boys are always hedged and the first to know!! ;-)

        GLTY

      • I like to think I have nimble thoughts and an alacrity of mind but, I understand I don't act like an entreprenuer. That said, I have a CB the same as yours and I have no funds to invest further. ACRX is distinctive for having great insider trading and is a key factor for me to hold.
        Other issues look promising but, here the buys and buyers are starting to mount up once again. Next week ought to see the SP up against $10. (If you aren't lucky be nimble).

        Sentiment: Strong Buy

    • You did very well... Big Pharma is taking off as of noon today. ACRX could be up to 9 before the end of today or early tomorrow.

      Sentiment: Strong Buy

 
ACRX
6.42+0.03(+0.47%)Jul 29 4:00 PMEDT

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