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Impax Laboratories Inc. Message Board

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  • debbie08730 debbie08730 Oct 29, 2010 10:42 AM Flag

    no news no news

    ahead of earnings?, and someone knows something? market manipulation? big boys getting out befor the little guys?, take your pick.

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    • Anyone who closely follows this company knows the erratic and eccentric nature of its trading around earnings time. Fundamentally, nothing has changed. I dont see any slowdown in the drug consumption of our medicated society. These sell trades were stop triggers & weak hands as someone said earlier, not institutions. The company has a lot of cash on hand and is in a steady growth mode. An earnings meet of .27 is a 300+% increase over Q3 last year. I like my chances and the 10% discount.

      • 2 Replies to captcc22
      • another qtr w/o tamsulosin exclusivity?

      • captcc22 sez...

        "These sell trades were stop triggers & weak hands as someone said earlier, not institutions."

        With all due respect, these are the FACTS for today's trading so far...

        IPXL is trading almost 200% MORE share volume than is normal for a day.

        IPXL is down more than 9% for the day, so far...and there remains 1 1/2 hours left to trade.

        Look at a chart and/or read my previous post from this morning and recently. The "cup and handle" pattern broke hard to the downside today; it may be due to an expected bad earnings report, maybe not.

        What difference does it make what's responsible for the decline?

        If you've lost money by holding on to IPXL while it is declining, at what point do you decide you've held on too long?

        NO! This is no ordinary "shake out"; this IS institutional AND retail selling.

        Will it bounce at the 50 day MA?

        We'll know the the fullness of time...

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