He should have resigned years ago and enjoyed his ill-gotten gains. He's pushing his luck now IMO. The new exec from GENZ seems to be more than qualified to replace DJ. I just hope he stays on long enough for me to make some $ on the puts.
Next possible stop based on the chart is $13. If it breaks $13 it could go to $10. Let's see who files their stock selling plan tonight? It's nice that Dan got to go first and hose the rest of the execs. IMGN insiders sure know how to max their personal value and don't give a hoot about the shareholders. Only Dan's resignation can stop this debacle. IMO and speculation based on watching this horror show for many years, not advice.
not me, I am riding this pig down. Based on Dan's filing, I expect more insider filings to follow. It's too predictable, they do this every time, pump and then sell, rinse and repeat. It's boarder-line criminal IMO.
Maybe Dan is retiring. After his rapid insider sales actions this time, shareholders must require it. If IMGN doesn't hold $14, say goodnight. Watch for more, similar filings to come, they all want out.
Before the ink was dry on yesterday's pumpimg PR, Dan filed to sell his remaining shares. You can't trust Dan, that's why I sold (way too soon). $14's is still a gift IMO.
I hate the shorts more than anyone, but this move is way overdone. Sure, it might last another day, or not. Lower entry points for anyone who buys Dan's BS will be coming soon IMO.
I'm sure they are busy raising some for their own wallet today...Dan sold stock not long ago at $8. We will see the insider sales filed in a few days IMO. WOW is this overdone. I bought my first IMGN puts near the close. Probably a good sign for longs!
I'm more interested in the S1P1 due to the valuation surge in Receptos, but they are all potential shots are the biotech lotto.
that's been the best advice for 25 years, sell every pump/rally. The last big dump forced me out, or caused me to finally give up. Thinking about puts here, but hate to revenge trade.
soon, they need to advance something in the pipeline to proof of concept (getting close) and they need to prove superiority with Bel in the large study, or in smoking, or Bel-Phen or more country approvals. Bel 2x per day is not getting the job done yet. $2-3BB or more in 2 years IMO. I hate to say, we have to be patient...while pressuring to get rid of JL and cut the burn.