July 05 but that's a Sunday so has to be by July 03. June 24 is anniversary date of Kalydeco.
Not that the FDA is sentimental.
The voice of reason. Thank you for writing fact based truths rather than this Motley Fool writer's bunk. This writer tipped his negative bias when he wrote the line that "the FDA would laugh in the faces of Vertex owners" in reference to a particular trial aspect. He was about as unprofessional as you can get. Thank you for calming me down.
Verityvoila-so what do you say to the author after reading this article? He says Vertex has a mountain of risk. And do do shareholders. Is the writer misinformed? Or doing what Wall Street does so well: spread fear??? How can you say there is no risk owning Vertex Pharma stock sfter what this story says? ??!!
When I read a story like this -- and it is now the second such negative story on Okrambi -- mainly lumacaftor contributing to Okrambi's effectiveness. Only 3 of the 13 advisors said lumacaftor was contributing positively to efficacy. Four voted no, and six advisors couldn't determine whether lumacaftor positively contributed to efficacy. If the FDA rejects the drug, VRTX will crash below $100. So why hold this stock with so much risk? Read the Investpedia story (link below) and please comment. I'm thinking of selling because I can't afford the risk if the FDA rejects the drug. If you're owning shares around $125-$130, please post if you think the risk versus the possible negative outcome is worth holding the stock?
Tracey so you expect this $76-$86 range to continue through the summer? I'm out of the stock waiting to buy when market corrects somewhat in June. Expecting 5% minimum and an entry point of $73 or less. Does this fall into the realm of your thinking as well? Got to give you credit, you saw it when I (and most people) didn't, although Art By Xxx has been incredibly effecient.
Been awhile since I posted. But I can't help notice you haven't been as accurate with your share price predictions regarding FB. Short interest dropped dramatically 26%. Doesn't that tell you something?
Yes first entry. 1500 shares. Afraid to short VXX as don't you think we're closer to the bottom than not? In your case, you traded it right. And continue to do so. Want to buy more long position but not now. Market could continue to push higher. Would you continue to short the VXX even at $19.14?
It's been since the inception of the VXX in January 2009 that it has gone from something like $8000 a share to $19.34. Cause the market has gone up since then with no correction. Enjoy the next weeks maybe months but when this market corrects it will come down very hard. And then suddenly those who bought shares of the VXX instead of borrowing them to short will be making money while everybody else is crying.
Tee you are so right in what you post. Yes could the VXX drop further? Sure if the market (S&P) keeps going up and volatility is to the upside. But what happens if Greece defaults? What happens if we have a repeat of the debt ceiling fiasco of Aug 2011 again in a Oct 2015? What happens when we have an interest rate hike be it Sept or even January? And then we have the presidential elections next year. I think buying a little bit at a time at these prices will start to yield huge rewards down the road maximum a few months. I bought at 20.76. Too soon. But if the VXX drops to like 16-17, I'd start buying more aggressively. When this market falls it will fall hard, maybe harder than it ever has since the 2008 crash. Valuations of companies, their stock, and the overall economy don't add up.
iamhowsweetitis: I agree wholeheartedly with your analysis. It is logical and explains why shares have has so much downward pressure on them from the $135 PM price on Wed and how it kept dropping all throughout that day and again yesterday to around $121. A $14 drop is more than 10% from the PM high. But yesterday after it hit $121 the shares gradually found strength and added back $2. Do hoping $121 was the bottom and with a positive market today maybe we can gain back another $2-$3. Sadly I bought at $130. Hopefully in about 7 weeks I'll look back at my $130 per share purchase price from $140-$145.
qdelfan-I like this scenario. Let's say you are right and early approval takes place which causes shorts to massively cover in a short squeeze. 122.90 could pop to $150 in a scenario like that. Do you agree?