Any thoughts on why this dropped so much today? Anything said in London that could have impacted it? I have no idea what is going on but am concerned when it drops this much on no news. Any intelligent thoughts would be appreciated. Thanks.
If you read the H&Q report on the DUSA partnership (out in March I believe) you will see the analyst commented that the stock had already run up ahead of the announcment from the 11-12 area to the 15-16 area in anticipation. He also indicated that he wouldn't be surprised to see some selling on the announcment but that he expected the stock to be higher after the news was absorbed. Here we are with the announcement a little late in a very skittish market so we've had the selling on the news AND the selling on no news. Since stocks go down a lot easier than they go up you get the inevitable overreaction to the downside from where we started. Today's volume was pretty impressive. All you can do is take advantage of inefficiencies like this when they happen. Easier said then done. It's not easy when everyone is yelling fire.
1. The annual report stated that the NDA would not be submitted to the FDA until the LATTER part of the 2nd quarter. We need to remember that even on an expedited tract we still have to wait at least 6 months prior to the FDA panel and then another substantial period of time until the final approval. 2. Given the volatility of the market ,pipe dreams are cast to the side. On the other hand the annual report is plastered with the "potential partner". Is it possible that the sell off was due to a change of heart or breakup???
The bottom line is this company has 1 product which has impressive results and is nearing the finnish line. What is the best way to handle a falling knife coupled with a product that has substantial upside potential ? Anyone look at the option volatility? I would suggest that if anyone has an account with H&Q it probably would be best to speak to the analyst directly. In addition if anyone knows the tel of the analysts covering the stock at Sunrise securities I would be happy to give them a call tomorrow
The "sky may seem like it is falling", but I personally do not feel this is chicken little
Liked your post. Nothing's different with the stock today than it was yesterday. Here's a question for you: Did the analyst expect dusa to be higher than it is NOW after the announcement news is absorbed, or higher than it will be once the announcement hits and some start dumping. Mahalo.
i've been waving trhe red flag for a weeK! read my previous messages . This drop, asa is the one yet to come, is exactrly what haqppned the last trime. Expect it to settle at 8, kick up to 9 and drop to about 6 till the end of the year. if you're nervous about your position butr want to keep it, sell those sept. or dec. 10 cawlls and pick up a couple of points protection.
the 300,000+ volumn today was nbo fluke. Theres stock for sale, and no more buyers to be hyped.
Keep in mind, I'm short the stock - so I am talking it down, but I've ,made lotsa money on the upside, now money on the downside. - I just happened to be right - as annoying as that is to the longs.
What is your logic for the decline in the stock. I have read your post and seems conflicting. Nothing happened in the meeting that should have driven the stock down. I can find no news at all,concerning this stock. I have talked to individual that has made lots of money on this company and he is bullish for a big move tommorrow. Perhaps you should buy september calls to cover a few points. If you made money good for you.