I don't think its too late either. I was expecting $12 by late August, but we may get there sooner than that at the rate it's moving.
I kinda get the feeling that FDA appoval is all but assured at this point.
If you want to get caught up on the "news", I would recommend the Agoracom board. Good info over there. The yahoo message board is juevenile.
My gut tells me it wll probably advance to around $12 or so from here, so at that point you may want to sell 1/2 your holdings in the outside chance it gets denied by the FDA. I don't think that may happen. It is more likely that a big pharma is going to buy it. This diabetes drug could literally be the most important pharmacuetical breakthrough of all time. Really.
I've done a lot of DD on this company. Been following it for about 5 years. This is the 3rd or 4th time around the block for the owner of this company, Alfred Mann. He's a billionaire from all the companies he's brought public. He knows his stuff. I have a lot of respect and confidence in him.
The stock action seems to imply that a lot of people ("funds") are finally getting on board.
I really don't want to sound like I'm pumping, but you guys should really consider this stock.
I bascially went "all in" around Feb. It's scary how much money I've made in this stock. Really.
IMHO, the stock will eventually reach or be sold for $20 in another year or two. Maybe even more.
Do your own DD guys, but I just feel very good about this investment.