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OncoGenex Pharmaceuticals, Inc. Message Board

  • makemy2005 makemy2005 Apr 17, 2012 5:50 AM Flag

    only one way to stop bleeding.....

    Sell................ive seen this before with speculative plays. Big drops draw you in, they do an offering further detiorating sentiment and slowly stockholders loose confidence and start to drop off. I took a big hit on this one because i cant take the pain as it seems this stock is heading towards its 52 wk low before any good news from trial 3's can emerge. Im bullish on the company but im a trader and cant tie up $$$$ while other opportunities slip through the back door. Lost a buck a share here on a bunch and bought sohu back at under 51.00 and well expect to capitolize on the move today with futures up and euro-mrkets in rally mode.i went against my principles with this one which are buy co's with plenty of cash on hand and profits flowing in, they almost always bounce back after a pullback.i will be tempted to buy this back and i probably will if it keeps falling, 8.00 was 52 wk low and closer to that gets me back in. Glta

0.465-0.085(-15.45%)1:09 PMEDT