Now the big questions-what will today's closing be and how high will we go tomorrow?
Ed Jones thinks this will pass easily 90%. Reason: motion changed from acute to chronic filing. That move makes this approval a no brain-er. Close today imo will be around 5.50 up a buck today. Tomorrow I would expect to see a flux from 8-15. Should buy out be announced shortly after approval- 20ish? That's the double whammy.
You are right, except for one thing:
approval news will be announced AH. PSDV management gets the news from the FDA tomorrow, and like in most companies they do not halt the stock, but instead they will announce it AH.
So the spike will be for Friday.
It might happen tomorrow after hours. It might close at 5.50 but ah it might rocket to 9-11. My mistake of saying closing price. I'm thinking the buy out will be tomorrow after the company tells pfizer it passed.