The company is just too strong, it held up really well in the market storm and you're seeing institutions heavily investing in the stock!!
If you check with clearstation we have buy signals all teh way up to 40. Is theer news coming out soon?
There are quite a number of institutional buys at around $43. I think we're going to hold in the 40s. I think there's a good buying opportunity now especially since we're seeing so much activity.
NBIX is in such strong position with such a huge
cash position. They might not even have to sign a deal
with the sleep drug. Imagine if they had a enough
money to carry the sleep drug through trials, then the
stock will really run.
was wondering the same thing. I'm guessing we could definitely could start seeing some upward momentum in the coming week.
I think the fundamentals are there for a strong
biotech sector this year. We've already seen biotechs as
teh leading stocks for January but I think this is
the year of the comeback for biotechs b/c basically
people are putting their money in technology stocks
mainly consisting of high growth Internets or biotechs.
I think more people will start valuing biotechs
like internets in that there could be potential for
huge rewards in the future if the biotech has a good
Thus I think NBIX will do quite well b/c of its
pipeline and other technologies.
I'm glad to to see some more interested people in
NBIX and not talking about other stocks on this board.
Moreover, i'm glad taht people are starting to realize the
market potential of NBIX's pipeline.