Remember that the lying ignorant pumper novelshe was saying ONXX was a POS when it was in the low $30s and upper $20s. I laughed at him bought more.
Well, ONXX surged by more than 40% today or ~$20/share to close at almost $64/share. Obviously as an ONXX long I am pleased by the big stock price surge today.
Remember when Az was calling ONXX a POS and was spouting off that Bayer would crush ONXX when ONXX sued Bayer over Regorafenib. I laughed at AZ and brought more ONXX. Well, ONXX won the lawsuit by forcing Bayer to settle and give ONXX of the Regorafenib world-wide. Regorafenib will be approved in GIST and possibly even in 4th line metastatic colon cancer for starters.
I never understood what Bayer was thinking after they were forced to settled with ONXX and give them 20% of the Regorafenib revenues. I figured that settlement would make them buy ONXX since they probably could have bought ONXX for $50/share. If they are still interested, the buyout price has gone way, way up. I don't think that $100/share is out of the question now.
Ernie, yes I do. ONXX is by far my largest holding, representing more than 60% of my portfolio. I sold off about 5% twice this year to lower that percentage but was foiled as ONXX kept rising. It will be an even greater percentage by tomorrow, which is a very pleasant problem to have. You know I will be smiling tomorrow, and for weeks to come. As far as my prediction of a buyout of ONXX at $100/share last June, I obviously under-estimated. Now it might fetch close to $140/share.