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OncoGenex Pharmaceuticals, Inc. Message Board

  • markben111 markben111 Apr 13, 2012 12:01 PM Flag

    Does anyone follow this stock?

    why does this stock drop every day?

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    • for one the market drops almost everyday, and on top of that the public offering is still quite fresh and i feel investors were expecting some possitive news shortly after offering which didnt materialize fast enough so some market pressure and correction fear is always cause for investors taking some risk off the table. another problem with this one is they loose $$ every qtr, and a profit is not foreseen until 2014. a long time to wait if your trading and not investing so traders sold why superlongs hung on,,,,nuff said. could be a short spike up monday as this stock got slammed extra hard friday but the only problem is if it rises 30-40 cents or so it might set the stage for more exiting. lets see......

0.46-0.09(-16.38%)Oct 27 3:59 PMEDT