SNTS is still a excellent company strategically speaking. Sales are still growing qtr to qtr. Very few companies are able to claim the figure. My best advice is to ignore the rumors and make your investment decisions based on fact not rumors. If you trade on rumors, you will lose your money, because you will be whipsawed over time.
I got washed out of my trades. I only take 5% losses.
I'll come back when this stock reaches some sort of support level.
There is 36 million shares in the float. With the average volume around 800K to 1000K per day, ff 50% of the stock holders hold there shares we'll reach support around early September.
For now, it's probably going to continue this mudslide until some good news comes around or some huge investor comes in and snatches up a ton of shares. On a technical basis, we just slipped through the 3 month support level. It usually gets pretty bad when that occurs.
However, this is a different stock. It's got alot going for it.
You should have stayed in the gem called SNTS. In a few months we will see some new highs. I have been following small pharma/bios for a long time. Lots of catalysts coming. Fear-mongers take little guys out of their shares.
If I had a profit here I would sell. If I had a 5% loss at this point I think i would hold, 10% loss would be my limit. so be it.
The other stock you mention is PPHM, exactly the type of Biotech I hate. Very hard to predict, as fast as it went up , it can drop a lot faster, even if you have a sell stop I might not take. Their pipeline shows no Phase 3 reseach. I am not even sure they have any FDA approved products. Do they? Take a look at NSPH (vs CPHD). They have products, recent good news too-See Seeking Alpha. Good Luck
Sales growth is the most important indication of long term investment. SNTS is excellent in the area of long term growth. However, last quarter's contribution margin was declining relative to the previous quarter.