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NuPathe Inc. Message Board

  • ozzman_is_the_best ozzman_is_the_best Feb 13, 2013 4:20 PM Flag

    My plan for the coming weeks

    Till we get an announcement of partnership or GSK buy out after their likely 20% accumulation, I'll be supporting and trading this stock. Here's my plan.

    Maintaining a strong base while providing support (buying) at the weak points of 3.42 and 3.52 (so as to not let it drop too much) and selling only those shares purchased cheaply at resistance levels in 3.70-3.80 range..

    Thats the only way to keep this stock healthy while we wait. Just holding and not picking up at the lows will allow buyers and shorters to control price on such a low volume (currently) stock.

    Don't get discouraged still lots of money to be made, just support it and it'll pay you back. I've averaged down like this from 3.80 to 3.45. HOWEVER keep your base of shares and DO NOT sell those. News can drop at any moment and you want this price to be as high as possible when it does.

    Goodluck to all

    Sentiment: Strong Buy

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    • surftrader Feb 14, 2013 3:35 PM Flag

      Good plan Ozz. I'm comfortable with the number of shares I currently own and I'm holding them tightly. While I've been adding on the dips, I'm having trouble letting go of them because the payoff upon announcement of partnership or buyout will be much more profitable than selling in the 3.70-3.80 range. However, if I follow your lead and keep my core shares and set aside funds to essentially day trade this stock to support the price, then I can help protect our investment and make some spare cash on the side. Since I day trade non-biotech stocks, I might as well do as you recommend and use some of those funds on this stock. You have a great idea; thanks for sharing it.

    • Great advice. Was going to sell half my position at 3.70. Not sure why I did not. Knew there would not be news. My shares average 3.60 which I feel is cheap. Crazy the manipulation of this stock.

      Sentiment: Hold

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