as Joanie would put it....and Beaver called out to Goliath the Philistine and said " sticks and stones may break ur bones but a big doofus like U dressed in that burka could kill me laughing"
Don't know about your A $$ but I remember mine getting reamed last year here in GERN. 52 week low was $1.60. MEIP hit their's today at $1.87. If you were following their options there was an unprecedented open interest in the number of puts being played over $5, Tonight $5.00 pots are up 350% from 65 cents. Some funds knew something. Usually if all goes well increments would have reflected support all the way up to $10 not in the other direction. The results were due Mar 3 week .....a 3 wk delay usually doesn't bode well for trial news. It was a gamble but still a surprise given their somewhat impressive AML combo results earlier. Just goes to show you can't always trust what you think is good scientific data to carry you through on all testing. Only as good as the trial design. The combo trials made things difficult to draw from.
right out the gate this morning 112K, 94K, 45K lots were dumped at open, followed by another 63K, 89K, 49K, 66K batch dumps @ 9:43am dropping SP to $3.69. Hopefully the bottom was put in with support around $3.82
Apart from this one trial study's results the rest of the fundamentals are intact. What surprised me was how their previous oral Pracinostat AML data was so good and this MDS trial was a complete dud.
Michael it's like your works in the Sistine Chapel. Everyone is amazed at the high ceiling but no one appr3eciates the beautiful marble flooring Luigi your cousin installed.
....funny yel low sub you can respond to identical posts from 5 years ago without missing a nuance of a beat.
Please God I need GERN to land me a 5 bagger. I promise to be a good beaver and work hard at damming those flood waters you send us time to time when you get stormed by our transgressions.
Let's be positive Joanie. MEIP's SP gained 23cents from it's low today. That's almost a12% gain
GERN is up only 3% from it's low today but we had no news.
so why has GERN's price dropped from $4.49 high last week down to $3.63 low today on no news? fool me once, shame on — shame on you. Fool me — you can't get fooled again.
I have buys in at $2.85....GERN's next major 200 day MA support trend line. If we get any +ve news before it won't get filled till closer to June. PATIENCE is what Joan's been advocating.
it very well could
"While we are disappointed with these top-line response data, we are diligently analyzing the entire data set as well as subsets from this study. Specifically, we are trying to fully assess the impacts of discontinuations on clinically important efficacy outcomes, including duration of response, event and progression free survival and overall survival," said their CEO
Probably come back two weeks from now with a new analysis. Funny their AML combo data looked really good.
BM I started selling off my position about 2 wks ago when the price started falling back and my tight stops kicked in.. I'm just getting spooked about the market overall. I was already stopped out of GERN on 3 of my non-trading accounts. Can't afford another lesson in biotech land.
one would think GERN's SP would have rallied on the news that a new potential competitor got their hy-knee handed them today not tank on the news. Doesn't say much for the fundamentals if SP can so easily be manipulated. Up on PCYC's buyout. Down on MEIP's failed trial. Maybe GERN should have their own news for once.