If I'm not mistaken, FOLD is waiting to have their data filing approved. That still gives us up to a year before we get the go.
I can't blame you and believe we're gonna get a bounce here. I was gonna sell some FOLD as I still have chills up my back from the latest action but like I told Ron, I think this stock is gonna be a big winner and when the market eventually firms, it;s gonna make me rich.
It's biotech and insider sell all of the time. Look at most others and you'll see.
Also trials in these drugs are INSANE and change from data point to data point.
I'm staying long.
My only concern about not being big in FOLD is that I believe there is a lot of good news coming and maybe even a buyout, especially if it stays this cheap vs. it's potential with Migalistat. Tough call for me.
Good to hear from you and am leaning towards your Black Swan theory, mostly because of the Chinese screwing with their currency. I do own some TZA and have been in and out of gold miners for almost a year. My latest buys in them are all in the red but I expect gold to really take off, once everyone figures out that the dollar aint so safe after all.
I am still very long fold but am seriously thinking about cutting my position some. Still love the company but this market looks full of risk, despite this recent pullback.
Nothing escapes selloffs like this but I added today at 14.26 and barring a market meltdown (which is possible with the state of the world) I believe it will be a major bargain in a year from now.
It's scary when a communist country (China) is calling the shots and our government needs to man up and fight this currency manipulation by them. We've lost the status as the world leader .Problem is the odds of this administration showing some balls is a million to one.
This could get much uglier but I'm trying to remain optimistic.
As I have said before, Mr. Crowley is sharp as they come with children who suffer from these awful diseases. My bet is on him and expect the company to do very well and the stock to be much higher in a year from now.
Not sure I should answer this as your question is either very stupid or rhetorical but here it goes.
It's biotech and all of them who have yet to get approval are purchased based on trials, market for the product and the success of other biotechs as news from each one comes out.
Anyone who buys into the garbage that these short websites put out is gonna take a severe beating and they deserve it. I have met Mr. Crowley and his family several times in my life and believe me he is as honest and decent as they come. Enjoy your pullbacks as they will be short and fast
Just so you know, I'm not here to convince you to buy . I'd be shocked if the amount you can afford will really move the market anyhow. Maybe you should short it? That I would like to see you do.
From my layman's take, Migalistat showed improvement in heart issues of patients taking it. I don't believe that was one of the endpoints they were looking for and why I believe FOLD has done so well. Plus the co-admin can be a real blockbuster should it work.
Maybe saying the trial meant nothing was too strong but that is my point and think for anyone who has a year time horizon, pull backs should be bought.
Just read the article from 360. Yes I'm very long FOLD and it's hard to keep and unbiased view on writings but the guy speaks of a trial from May of 2014 and says FOLD is not releasing the data because it was poor. Let me say this...IMO, that data doesn't mean horse dung as FOLD is now going after a completely different bio marker. To me, that is one #$%$ piece of investigative reporting.
Also, if you look at the writer's past postings, all he does is bash biotech. VRTX, BLUE, SRPT, KITE and plenty more. Geezus Christ! I could write stuff like that. I saw it with QCOR when these short firms would post BS about the company and the stock would get crushed. They did it at 15, 30, 50 and 70 bucks but guess what, they got taken out by MNK at over 90 bucks! Not to mention BARRONS bashing the stock every other week with the same BS claims!
Do not sell on these idiot articles. 99% of the time they are nothing but shorts trying to make money, or longs who want to get in cheap on the panic selling.
Disclosure, I added to my core holdings today at 15.60. Might not look good now but in time, it will be chump change.