Corcept Therapeutics Incorporated Message Board

  • itwillgoup itwillgoup Aug 5, 2005 2:18 PM Flag

    Bad news coming?

    Or do people just think bad news is coming.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Don't know, but don't think so. To me it just
      looks like someone had around 20,000 shares
      to sell. There's so little vlolume that the
      MM took the stock down significantly to pick
      up those shares on the other side of the trade.
      Sure, it may drop further to a technical support
      level below $5, but I would also not
      be surprised if it rallys back today to near
      $5.70 Either way, I'm holding for the
      duration...until their drug is approved or
      fails.

      • 1 Reply to ioncandle
      • A big boy gets nervous and gets out with a small bottom fishing gain. This thing trades like a bulletin board stock.I'll bet someone had second thoughts. It has no major brokerage following and looks pretty marginal to the outside observers. It's easy to get scared about ru486 and think they'l never approve corlux. The right to lifers getting influence in the FDA. It would be typical that backlash might wash away an otherwise good psych drug.This may make the pop even better if the early indications of efficacy are allowed to be explored clinically.-No Other gr2 receptor antagonist on the market and broad biologic effects on the cns cortisol receptor and acth cortisol and many other neurotransmitter systems effects yet to be understood but possibly powerful in treating stimulant induced psychosis ie meth,coc,pcp,steroid induced besides unipolar and bipolar related depression and psychosis.

 
CORT
1.74May 17 4:00 PMEDT