My thought was it would drop to 4, but could settle out at 2-3, OR recover to JUST below or at cash in the 5.90-6.10 range as a base. Problem is the rest of the pipeline, no other near term phase 3's, so years and millions to be spent to develop the other indications. I missed the down side, hit the 3's, today maybe tomorrow is the tell. Can not see it trading TOO far below cash though, but based on the LONG RUNWAY for any approvals, that is a wrench, the cash line WILL bleed, so that is a wrench in the ointment.
Last year Dolphins won Super Bowl, DH in the American league, Forman beats Frasier, the Godfather hit the screen, 1st cell phone made in NY and I finally hit 100 notches on something we are not suppose to keep track of. A great year lol.
Surprise close on strength, though I felt it would close in this area real soon, did not expect it today, but will take it. There is a ton of buyers waiting to buy, they need a nudge, they get it at 11.85. I think that 11.85 could be launch pad back to 12-14.
And also with you, a Jedi knight you are, the force is growing stronger or so Yoda says.
PS. IF OPK gets above 11.85 and closes all bets are OFF on how long it languishes in the 11's, could run to 12.50 in short order.
As stated needs push 11.07 aside, did, but barely, and we did claw over 11, 11.04. Based 11 days in the 10's, I anticipate a new 10.90-11.10 range to establish but end week in 11's. Think we stall in the 11.50-11.60 area for another 12-15 days of basing, and waiting on news.
Shorts, read the chart, LONGS, the force is with you.
let us in, let us in, paint an 11 floor big foot, you can do it, you can do it. Happy with 10.93-10.96 close, but secretly want 11, sssh, it is a secrete.
PS. the U board is monitored by the board OWNER, we are his guests there and share news. As owner he reserves the right to discontinue free membership but rarely uses that veto.
I do not see you listed at the uncle website as a member. Join or visit it has trading ideas, and every news item released about opk in the past couple years, umm, plus trade ideas on other stocks. Worth a peak, just a thought. Cost for annual membership = Do not INSULT others, no cash money.
NOTE, on 4/11 opk had 3 long bars in the 11 range on the monthly, today about 11 bars, so poking through with more conviction, looking to establish a new higher range, or so me thinks, and YODA agrees. Want a close above 10.93 a medium intra day support line, we will see.
Easy to sell what you do not own, and in this case, FAR HARDER to find shares to buy back when short. The reason for this issue is easy, the FLOAT is a mirage, half the float IS not in the FLOAT, umm, in the back pocket of Dr. Frost it is. YODA say, Dr. Frost CUT FLOAT in half free float TINY Yoda say, Shares SHORT too big compared to free float, OR so Yoda says. Yoda say, basing in 11, SLOW levitation, sssh, NEED concentrate, need practice now. Force be with you longs, beware the DARK side their rope shrinking, or so Yoda say.
so expected. It trades this way when in an uptrend. Sort of TELLS YA, YEP, I am going to create a new trading area just above where we are, but I am going to poke my head into that area a couple times, look around, dance just under it, and then inch my way up. As stated before, OPK USUALLY SPENDS ABOUT 15 or so days basing in an area before it CLAWS it's way to a NEW higher or lower range. In this situation, it is an upside range. NOTE, all that toothless yakity yak about options expiration, and 10.50-10.60 was on the prior trading day. Think I said we poke 11 by Wed, so a tad early. MIGHT get an 11 close no later than FRI, but could even be today, but secretly thinking WED. tell no one, it is a secret
PSST, SSSH, needs push aside 11.07, then me thinks we close in the 11's, sssh.
Yes. I think the design, not the drug or platform might have been flawed. You will know tomorrow, but they did not have a comparative injection arm for comparison, which the EU is calling for. Not sure what the response rate is for injecting the drug, but seemed as if the capsules had sort of a high non responder rate. Wait, THE CC will lend clarity. They have 6.00 a share in cash so there is that as a support line, if nothing else.
In the above reuters piece, the phrase, in the next to last sentence " NOT READY FOR APPROVAL " might be interpreted to say NOT APPROVAL, NOT APPROVAL, or not approved might then be interpreted as = rejection.
One other reason I forgot to mention is that the statistical data was not complete, or missing certain comparisons deemed necessary by the fda. This TOO happens, BUT is also rare.
The R in CRL is euphemistically and wrongly labeled response. Complete response letter by definition or application as applied to NDA's are really Complete Rejection letters, outlining the REJECTION...
There are occasions when the REJECTION letter outlines steps to do a new NDA, a new or second phase three. These are rarer than one would think. Rejections for safety or ineffectiveness are not likely to ever go away. Manufacturing, or poor experimental controls are a different matter.
There is an application to the fda allowing you to see the CRL, They will send it to you, but it DOES have redactions where proprietary info is deleted. Well, I do know for fact that if the rejection was due to manufacturing issues you can get it, not 100% sure on non manu reasons, but worth the try.
If it WAS a manufacturing ISSUE, the company WOUD have put that in the headlines in BOLD print so that is not it. Looks like safety or ineffectiveness which likely makes this drug a dead issue for this indication. Might work for some other condition though.
I love a good story, especially a sad one. So let me get this straight. About a year ago you invested in this stock, that has only been trading for 8 months. So if you invested at the top, you invested as a novice 1.5m, because that is what you would have needed to invest to be out 500k, at current pps of 10. See, love your story, you scrapped together 1.5m and at 66, you gambled it?? Either that, or umm, your story is just that.
Now if you invested A year ago, lol or bought the ipo at 20, and lost 500k, you invested 1m, get the fishiness of this story. If I were to make a SOFT bash story up, it WOULD not be one where I need have invested 1 to 1.5 million to loose 500k. I would not say I was 67 either, because I have never MET a STUPID 67 year old with a million, or so bucks who puts it on RED, and spins the wheel.
Somewhere below I postulated for fun a doji close, which as you know is a close = to the first trade, open. Opk open = 10.80, close 10.80. doji, dang that dart method. Doji basically a neutral point, but with the longer tail to the down side, slight slight bullish, Real slight, as bulls got it back to the open, and above last weeks high close, but below last weeks high.
Just thought if they close it right here, 10.82, we get that much ballyhooed DOJI, lol, but one with a slight upside bias, is the painter a long only fund who wants to paint this picture, lol? Or a short fund who will start using a different shade of paint into the close?
Of course, I do not subscribe to the Doji, no karate here, but use the dart method to GUESS direction, works for me.
The egdx show from the free bats thing has had a block sell sitting at 10.87 for quite some time. I have been convinced for a long time that since every trader and his cousin has a clue about charting that many times they paint the chart to manipulate. Opk has about a 20% short interest, and it is easy to sell what one does not own, so they have a big easel. It takes real buyers for opk to push up, but as the run to 19 witnessed, serious covering, umm by retail, more than funds.
Last time it hit 10.86 there was a " hidden " buyer putting out 1k bids at 10.86 fill after fill, accumulating at a price they felt was " Good " enough. !0.87 held steady as a wall. Though the asks have been big, and bid keeps getting slapped, it appears someone is accumulating for a long or short cover, umm, note, stock about flat on day, bid 10.82, up zero at 10.82 on low for opk volume.