Options players are willing to pay 2.80 per share for this stock in June....plus commissions which are higher than regular stock trade.....that's 30 cents for the call and 2.50 for the share
I'm going to try to get 3k more at 1.83
so you honeslty dont think that people are selling becasue they know bad news is coming out next week? as we are now down at $1.80, does not make sense to me if people are expecting good news. there is always price manipulation but not this close to apparent good news.
What is it that makes any of you think there will be either good news or bad news next week?
It's an earnings report - from a company that doesn't earn anything. Not too hard to figure out.
And what would make you think anyone "knows"?
This stock is 100% speculation. Simple as that. And that speculation is shown in the share price.
thats all fine and fair guys but i have also been trading for awhile, bio ans non bio and from my experience there is usually some momentum leading up to earnings/trial updates etc if all is expected to be positive. here, we have went in the opposite direction. that is what scares me, and you say be patient, well i agree that pateince is key but this stock is getting ridiculous by staying at such levels for such aperiod of time.
I agree Joe..
The Market (or an individual equity) can stay irrational longer then we can stay rational, is the old saying...
I agree the stock should be trading better on the back of that PR but I think bio sector is unfavorable in general at the moment. I believe many investors think it's becoming more difficult to gain FDA approvals and also don't want to put fresh money to work in phase II trials..
If you want to try to catch then bottom of a huge move you have to wait around in the doldrums. Look at HGSI and DNDN they followed the same pattern. They also have something else in common with CYTK, their pipeline is focused on specific area/disease where there is no drug to market, no cure, no help at the moment..
Logically speaking the FDA is more open to the idea of approving these types of drugs as opposed to weight loss, redundant 3rd line cancer drugs and other areas which are dragging the sector down.
For the right to buy 10,000 shares at 2.50
They don't give you the shares for free.
You add the call, plus the commission to the strike price and you come up with what people TODAY are willing to pay THEN.
Tell me what it was you didn't understand about my post
In the institutional world , we call that capitulation!! When I hear you say that I get very excited for what's around the corner.... I love all of the mounting frustration and fear that's a great sign!!! It's when the most money is made! I'm trying to help you Joe, I can tell you I'm playing with (SMART) money here. You'll be rewarded in time.
Patience is a truly a virtue in the world of small bio tech's....
Joe, don't be an average investor. Wait until Thursday.....conference call from investors' conference. Later that day is earnings announcement.
I you've GOT to get out, the best time, IMHO, would be after the first and before the second.
There's a LOT of good news here, and a heckuva technical base built. I'm not an expert on biotech or pharma, but I've been trading a LONG time. (over 40 years) Don't sell at the bottom.......next week is the catalyst.
Whatever you do, good luck