I hope you got some as did I. Let's see if CEMP runs up into the release of the trial results.
Hope Grassley continues to search for the leak. If he and his party have any integrity, it shouldn't matter whether the leak was from a Democrat or someone for Grassley's own party, possibly a former aid of Grassley. What's best for America is what is at stake, but I bet politics will rule the day as usual! We shall see.
I feel your pain. I have a few thousand shares of CEMP, and that has taken a beating also, but not as bad as CLDX. I also own a fair chunk of OPK, but that has held its own fairly well with Dr. Frost buying thousands of shares a few times each week. If CLDX's science is solid, it should bounce back, but who knows when. I hope things turn around for longs and the cancer patients who could use these drugs!
Investing in bio-techs can provide big rewards or big hurts. The whole sector has been brought to its knees. If there is a near term positive catalyst, the slide should reverse. With no news on the horizon concerning trial results, specific bio-techs are at the mercy of the market.
The stock drop hurts for longs, but the company still has all the prospects it had before.
I agree about a buying opportunity. Key usually bounces back pretty quickly in cases like this. I'm tapped out right now, but if I had some extra cash to invest, Key would be very attractive at this level. IMHO.
Everything I have read so far looks good for Cemp's antibiotic. With such a dire need for new antibiotics, Cemp seems attractively priced down here. Besides, how long will it take for a larger pharma to notice the fire sale price and take an interest. Cemp could be a very attractive takeover candidate. IMHO.
Mongolia reaches an agreement with the company. With so many jobs at stake, and with Mongolia holding a stake in the company, a deal should be a no-brainer.
Based on what I saw on the Key website, it appears that Key has beaten expectations by reportedly posting earnings of 27 cents per share. I also saw a news article saying that Key missed earnings, but I think Key's release would be the most accurate. IMHO.
He just keeps buying, no matter the price. I expect he will continue to do so and eventually toast the shorts when he put the company up for sale.
If I was short I would be very nervous. From what I have been hearing and reading, the 4k score test is really a game changer.
It sure is. Frost keeps buying and he knows the most about this company. I expect we will break through $9 in short order. OPK's strong move today is impressive considering the market is down so much! IMHO.
At the rate he has been buying, I imagine it is not a matter of if he bought, but how much he bought. I would expect he would take advantage of the bio-tech sell-off to buy more shares as may I. Good luck!
The savage drop in the bio-tech sector makes a lot of these companies screaming buys or extremely risky. How about concentrating on what is getting punished unnecessarily and those that we should avoid. I presently only hold OPK, CEMP, and PFE, but I have owned CLDX, GALE, TTPH, NWBO, MDRX, ALKS, PBTH, and many others. I like OPK because they have a couple of late stage promising drugs, and Dr. Frost buys thousands of shares every week. CEMP is in the antibiotic sector, and I believe they are expected to get some very important results in the next couple of weeks.
I have stopped responding to all the political #$%$ because nobody here is changing anyone's minds by their postings, so it is just a waste of time. Based on all the negative ratings most of the political wizards like Whip, Frank, and Rays get, I believe they are hurting their "causes" more than they are helping.
Good luck with your investing. I may buy more OPK and CEMP, but I may wait a little to see how long this drop is going to continue.
The whole sector is getting hammered. TTPH, CEMP, etc. are all getting hit hard on no news. Just market manipulation at its worst. If you believe in their pipelines, these dips can be nice buying opportunities if you have the stomach for biotechs.
I don't believe the president has anything against people working hard or investing smart and being financially successful. I am proud of what I have achieved, but I know I didn't do it all on my own. Good parents and teachers got me started in the right direction and made me value an education and a solid work ethic. A couple of bosses saw potential in me and gave me the chance to do my thing. My faith in God inspired me with the wisdom and knowledge that all good things come from Him, and that I should be willing to give something back. If you are a Christian, helping the less fortunate is one of the tenets of our faith. Sometimes the very wealthy forget that they had people who helped them along the way. Sometimes the very wealthy believe that people who have a tough times somehow deserve it. I don't want this to sound like a sermon, but I feel very good when I can give back and help someone out.