CEO doesn't matter at this point, AZN is driving this. Upon approval will be a 150 M milestone. Thre will be some excitement towards September. I cannot see this just hanging around stagment since this will be NKTRs biggest approval since the Exubera flop.
Well I say you have only about 2 weeks to get back in prior to the runnup to the PDUFA date in Sept. I agree, this stock has a very weak base. MNKD behaved the same way. Dropping after the Adcom, then a 40% runnup to PDUFA.
I think the runnup to the approval of Movantik will initiate very soon. Similary to what happened with MNKD. A correction after the advisory committee followed by a 50% gain in about a 2 month period. Also add additional speculation of an AZN takover after approval.
So why is there any benefit to own ETP at all if ETE is excelling on every performance metric over ETP? (with the exception of the dividend).
Why the Bakken pipeline announcment benefits ETE rising 7% as opposed to ETP where the press release was for ETP? I know that ETE owns the partner but why do they benefit more?
King, while I sympathize with you that management has had missteps along the way and has miguided investors in the past, I think you are on the wrong side of history here. Commercial production has initiated and as long as they can scale further, the revenues will increase. This is no longer a start up with unproven technology. They are selling produt with repeat customers and are now part of a supply chain. I expect at least another 10% gain in PPS after the earnings cc and a short squeeze coming that could push the PPS another 10%.
I hope the lows stay until we receive the Divy at a lower price in a couple of weeks. Hold for 5-10 years, these bumps are nothing in the grand scheme of things. PSEC is one of the best out there.
Similar situation to bulgar. Sold on the way up at 12 and change, watch it go up to 15, then bought more after the SPO at 12. Thought it would hold but then the Moema debacle happened and shares tanked to 10 bucks. Now close to even on those shares. I also own older shares in the 8 and change range so overall I'm still up. If I see a huge runnup like the last time to 15, I'm selling my pricier shares but holding on to the cheap ones for at least 2-3 years and let it roll.
I don't think this run will last in the short term. I see a 10% downturn over the next month and an SPO. Pushing us back to 12 and change. Then a typical runnup to the PDUFA in Sept. However, on the short term, I think NKTR will take advantage and raise capital. Thoughts?
Thanks for clarifying, I nearly fell out of my chair last night to see the value of your shares decrease 36%! All due to one stupid last bid. Seems ridiculous how a bid would determine the value of your shares.
I hope you're right. I was shocked to see the value of my shares drop 36% overnight. I called the brokerage and he indeed confirm that that is the current bid and not a glitch. But hope that this is an artifact of the hold.
your an idiot, it shows 12.54 because you own no shares. If you own shares, the bid is 8.01. The bid is not reported on any pre-market data on websites that just provide quotes
check your brokerage. It's not showing up on Yahoo or other sites. I'm not kidding, it's down 36% not 27% I made an error. You will see tomorrow if this holds....
Don't know how many own your shares in Fidelity but it's down 27% pre-market. If this is any sign of what's to come tomorrow it will be an ugly one. Go ahead , check ur brokerage accounts! It's trading at about 8 bucks.
I also bought more when it was tanking but will hold on to these for at lest 5- 10 years. It's fine to sell to make a profit, but then you have to figure where to place that money. It's dead until you re-invest it. So unless you have a better investment that can earn you a 13% yearly divy, it aint worth holding on to the cash that will lose 3% annually to inflation. I still believe the shares are undervalued and still below NAV. Good luck, you still made profit.
Those who sold their shares during these volatile times lost out on a huge opportunity to DRIP shares at a cheaper price only to rebound and make more profits than if the drop in PSEC never happened. These dips are expected along the way and history shows have always recovered. The fundamentals of the company haven't changed. Keep long. Don't let others buy your shares that you sold cheap!.
Congrats to all those that held on to their shares during these volatile times. These temporary dips have always been part of PSEC shares and will likely see many more in the future. However, these dips offer an opportunity to DRIP and acquire cheaper shares along the way. You make more money when with these temporary dips than if they never happened. Think about that. Embrace the dips. The fundamentals of the company haven't changed.