Good Q, they seem to be making some big changes. Cashing is some chips. Building CASH. Perhaps some investors are spooked by the loss of the OTC products. I am thinking they need the cash to eat up some of the smaller HIGH POTENTIAL biotechs. They have their eye on building New Product Lines. No more OTC stuff. Big Pharma fear of Obama care has lessened and now they will make BIG MOVES...probably before the end of the year. Check out ACAD- has been given FDA go ahead to file a NDA for Pima ( Safe & Effective). No further P3 studies required. New drug class, one of a kind, world wide solely owned by ACAD to treat Parkinson's Dis Psychosis. On going trials for stability , Alzheimer's and Schizophrenia.
$ 12 million for this company ( $1.77 Billion MK) is about 0.7% of the MK. And if they can get this drug to market in the USA and EU they will be worth every penny. Where would that put the MK...not sure I can count that high...
FRANKFURT (Reuters) - Germany's Bayer AG has trumped rival bidders for Merck & Co Inc's consumer care business in a $14.2 billion deal, adding to a string of major cross-border deals in the healthcare industry.
Well they can do whatever, makes no never mind when anyone shorts. Remember the Golden Rule of Shorting= ALL SHORT SALES END IN A BUY. Shorts have to be Johnny on the Spot, they have to watch their computer all the time. Even if good news from other stocks can give a positive momentum to other biotechs etc. When shorts start to run it will be like the zombies trying to climb the walls of Jerusalem in "World War Z".
I had to B-Slap him in my last post , but re thinking it I have to say I was wrong in the following , " So what, you are still a Pathetic small minded MORON no matter how you figure it. Look at you chomping at the bit, you can hardly wait till June is completed just to say I was wrong. How childish you are. So you are totally obsessed with me you are counting the days till June, what a little girl you are."
Sorry ezvestor you are right and I am wrong, my prediction so far is wrong ( ACAD to $40 by June ) even though it is not June yet. I had to re think it because ezvestor being so obsessed with me might do something foolish after being rebuffed by me. OK ezvestor I love you, you are a genius. Sorry for calling you a MORON. I didn't mean it. See everything is alright. And even if ACAD hits $40 in June we will just ignore it and you will still be right and I will be wrong. Feel better? By the way make sure your mom changes your diaper, its running down your leg.
So what, you are still a Pathetic small minded MORON no matter how you figure it. Look at you chomping at the bit, you can hardly wait till June is completed just to say I was wrong. How childish you are. So you are totally obsessed with me you are counting the days till June, what a little girl you are.
Well if you could count you might have figured out that prediction time period ends in June 2014. We haven't got there yet MORON. So because of your hate for me you didn't even bother to count the months you IDIOT. Are your parents related?
RSI heading up, Stochastic heading for Over Bought and BB still somewhat wide. This tends to favor some profit taking for those who bought at the recent lows. But Resistance has thinned out and the stock seems to have already hit bottom and reversed. Many here with strong hands realize the future potential of this stock and will not sell their core holdings.
Type Value Conf.
resist. 30.10 2
resist. 28.78 2
resist. 26.31 2
resist. 25.20 10
resist. 24.06 7
resist. 23.32 2
resist. 22.40 5
resist. 21.79 3
resist. 21.05 2
resist. 20.65 3
resist. 19.88 3
supp 17.82 2
Ind. short Inter Long
EMA VBe VBe VBe
MACD VBe VBe VBe
Fibs VBe VBe VBe
Highs VBe N Bu
Lows N N N
Trends Bu N N
Analysis Overall Short Intermediate Long
Bearish (-0.46) Bearish (-0.46) Bearish (-0.48) Bearish (-0.46)
Holy #$%$...what a DOG. Had to believe you are pushing that POS on this board. That stock just got its clock cleaned from $13 to $ 4.50....A major HIT on its drug FAILURE. Now it only has some CHF drug in P2 trial...Good Grief Charlie Brown do your self a favor and SELL it as fast as you can. Stocks like that end up on the pink sheet FAST. That stock will be $ 0.75 in no time. There is a town in Mexico, translated it is called " Get out while you can ".
OK you may have a good point when you say # of PDP patients at any one point. But I have never seen that info anywhere and it has never been mentioned as far as I can recall. Good point.
It has been mentioned over and over again at various conferences and Q-reports that there are about 1,000,000 PD patients in the USA only, and about 1,500,000 patients in the EU with PD. About 40% of all PD patients will get PDP. This has never been disputed.