Buying at the right price and watching it go back up is certainly a worthwhile investment. Many investors , myself included, have made a lot of money trading this stock.
Finding support today it looks like. Won't know for sure until tomorrow.
I wish Yahoo could do something about the constant pumping of these 2-bit penny stock sites on virtually every message board. They've really ruined the boards in their cheap attempts to get free advertising.
You obviously no very little about how the markets work. Revisit your post in a month and compare the price today with the price a month from now. That will confirm how naïve you really are.
I don't all the pp shares have been dumped into retail hands yet. That's why they keep bringing the price back up to 8. Just a matter of time before they let this go into a free fall.
I'm not an investor, I have no opinion long term. But as a day trader, I'm in at 19.80ish looking for a short term bounce to near $21. Already took some off the table @20.50. Got a can't lose trade it right now.
I re-shorted again at 16.08. Whata gift!!! I'd almost bet they'll be coming out with a secondary offering real soon. Even though they beat earnings nice, they're still bleeding cash big time. Only a matter of time.
I don't think this gain will hold. I was short earlier but got stopped out on the last pop for a small profit. I'll be looking to short again at higher price once this gets stabilized.
They ma have beat, but they are still losing money hand over fist. I shorted this pop because of the continuing losses and the fact there are so many bagholders who will sell to recover their losses.
Take those great upgrades down to any restaurant in the country, add a dollar to it, and you can probably get yourself a cup of coffee.
Maybe even below $20. When yesterday's high buyers realize the "miracle drug" they paid so much for won't even be on the market, if at all, for many years, the bag they're now holding will get heavier and induce much more selling pressure.
In my experience phase 2 results usually phase out a couple days from when the news was first released. I expect a healthy retracement from these levels in the next few days.