I've revised my estimates. The biotech index has been slammed in Q1 and has been a lagging indicator. Looks like that is changing and is catching up with the rest of the indexes. If it continues, and there is no huge downturn in the markets, NKTR could easily hit 20 pps by June.
With no news expected till second half of the year, this stock will essentially move with the biotech index. The biotech index has been crushed lately and looks to recover along with the rest of the market. When that happens, I see this potentially hitting 4 -5 pps along with expected news second half.
Nektar outpacing sector on very good strength. We should see 16 in no time leading up to earnings early June. I picked my purchase perfectly at 10.80. I'll start off loading some at 16-17 on the next short squeeze.
Valeant Pharmaceuticals. Took the entire sector down this week. Valeant is the next Enron. NKTR follows the NBI index. I'm hoping the index starts to recover and catch up with the rest of the indices after being slammed this year.
GERN plunged around 10% about the same time as the Valieant announcement that brought the entire sector down. Most biotech stocks like Gern follow the Nasdaq biotechnology index NBI that also fell by almost the same. I hope when the dust settles GERN will recover and continue a run up along with NBI that has been battered this year.
Valeant Pharmaceuticals. It has the entire sector down the last two days. It will become the next Enron soon and will implode further IMHO that will unfortunately place more pressure on biotech stocks
What I'm waiting for is a shot squeeze. The biotech sector has not recovered during this huge run up in the market. It will eventually catch up forcing the shorts to cover. This will lead to NKTR price appreciating significantly. I don't understand the logic of shorting at this point. I think the PPS is like a coiled spring waiting to pop.
I agree, this stock is a trade not an investment. Just picked up some at around the same price after selling my prior shares at average price of 15.5