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ONYX Pharmaceuticals, Inc. Message Board

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  • JM_Options JM_Options Apr 26, 1998 10:05 AM Flag

    Onxx - Technical data

    Maybe the fact that the annual report was "at the printers" explains the run-up in the stock on Friday. I too am long ONXX and like the company, and probably will buy more. How do you know the report was at the printers? Thanks.

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    • Everything about this stock is great! Outstanding technical indicators. Onxx is about to go to the moon. Lehman's target of $25 for the stock is a good indicator where this stock is going to be after ASCO.

    • I think the accumulators of undervalued situations know that an annual report can communicate the accomplishments of a company more effectively than indivdual news releases-gives context and perspective. Should dry up supply of stock and increase demand. Doubt many traders have made fortunes correctly anticipating the day the annual arrives. But a lot things coming together (IMO).

      Answer to your question: Stock crossing 50 day MA still another interpretation of Fridays action some traders buy on that. I don't buy and sell "PRICES". I do my best to know what I'm buying. I spoke to the company on Wednesday and asked when the Annual would be out and got that answer.
      I am encouraged by Fridays price and volume action in negative market.

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