Folks I couldn't be happier with the outcome today--No BS. I added 10K shares near the low. I didn't figure
folks would be so upset with the FDA approval news. Thought most of the selling was behind us. my bad . I was wrong.
Look, how long do you think players are really going to be out of this with other pending news coming? I was a little surprised at the trade off of selling at a 10% loss and to be out of the game. Good upgrades and re-iterations today on $21+ price targets, conservative without a buyout will attract long term investors. Janney thought it has the potential to really take off because of its 2 dosage regimen. If it goes down again, I'll buy more. Not too many buys in bio's with an approved drug that has very large potential. It won't take long for this to resume the uptrend. Buy on dips IMHO.
The stock went down on the FDA news after a run up in anticipation of it. Catalysts going forward are what?
A buyout? Perhaps, but that's still just speculation. Trial results for the one dosage regime?....A year away perhaps from results. Launch of the product? Nervous time for the company and shareholders. Going it alone is not easy gang, and is definitely expensive to do starting up. To fund it...A secondary? You betcha. Count on it within the next 30 days or so IMHO. Dilution? That is what the market is concerned about right now IMHO. An established large marketing partner if they go it alone? Would be nice.
Where does the price trade from in the weeks ahead... $12.50-$16.... $12.50 if a secondary. That's when I go back into the stock, and large too! IMHO! GLTALs