The US economy sucks as does the report from S&P about our growing debt. Just remember AEZS is a Canadian company isolated from our sick congress who cant seem to get their stuff together. The down trend today is a herd mentality trend and will not last. I am adding on todays dip. It is getting too close to ASCO, and deep into Ph III on perifosine to be trading in and out for pennies and nickles.
I just recieved a mailing from the BOD. They are on the Toronto Exchange and will be adding a listing for the US since they are getting bigger in the US and Europe. I haven't read through it yet, but you should all be recieveing it soon enough.
I own this long and don't pay much attention. This a 5-10 play for my IRA
Agree, especially specifically your points on Perifosine.
But my concern isn't that AEZS will be sold for RATIONAL reasons. My concern is a Market that sells EVERYTHING including the kitchen sink to raise cash. As you note, the S&P threat to downgrade U.S. debt really puts bernanke in a box. I doubt now there'll be a QEIII, even though that would have presented it's own problems. Since '08, the Market has gone up on QEI/QEII. I happen to believe that all the media about "the recovery" is totally biased BS. And we're about to see Hard Times in this economy and Country over the next 2-3 years.
FWIW, I actually believe that AEZS is the kind of stock that could ignore a collapsing market. "Could".
Perifosine in Sept/Oct is the current schedule. However prior updates and CC events hopefully will have the price near $5/6 before then. If Perifosine is FDA approved then double digits. I have dealt with bio/genetic stocks for over 20 years and this is one of the best of the best.