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Astex Pharmaceuticals, AŞ Message Board

  • pvandesype pvandesype Mar 22, 2013 11:20 AM Flag

    Trading Range

    Does the anyone have`an opinion on the`range this stock will trade in until the next wave of news?

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    • The next earnings report will be around the end of April or beginning of May. Unless we see a milestone payment or two, I don't expect anything spectacular from the earnings report so expect it to trade below 5.

      If we see a milestone payment, it might touch 6. Manuso has been very cagey about milestone payments. He is not including them in any guidance. That tells me they are on the verge of something but they don't know when it will break. This guy has a history of over promising and under delivering. I would like to see that reversed (under promise and over deliver).

    • I thought based on history that it would have dropped into the middle to low 3"s but it now seems there is a lot of buying so someone must know something