What did you see that made you think it was a 5-10 dollar stock. $28 at the least. This time it stopped in the low 40's. Its still over 100 times earnings and a FPE of 60X. Its trajectory is still down...acquisition or not.
Chart shows its going down further. I would not buy today, but that's just my opinion. If I knew P was going to make another offer then getting in now would be great, but I do not see it happening. If anything the whole thing may have been what AZN CEO said...Just a distraction!!!
Great place to short if you have the stomach, yet I would never short a pharma/bio company because anything could happen at anytime with these guys.
Where do you get your metrics? If it was 90%, stock would not have lost $10 bucks a share in the last few days...
No logic anywhere. They control the press, They control the analysts, and they control the stock and commodities market. Constant monitoring programs trade against the masses even though it has nothing to do with true fundamentals, future growth, and exceptionally low PE's. Even though CYTK is not considered a value stock, it should not be destroyed because of one set back, but in general most VALUE STOCKS ARE DEAD!!!
There are 100's of small, medium, and large mining company stocks and Inverse VIX products out there and all are down 40-90% in a Precious Metals Bull market and Government Funded securities market. I have found NONE of them posting higher in the last 52 weeks or longer. 20% of them post good PE's yet there stock prices continues to trend down. 25% of them are down even when Gold and Silver posts higher spot levels during the trading day. We live in a very corrupt society and these 2 sectors scream out fraud, yet no one addresses these issues... I BELIEVE ALL OF THEM ARE NOTHING BUT LEGAL SCAMS!!!
This manipulation, and legal fraud costs all of us hundreds of billions of dollars while the controlling elite continue to build there wealth squeezing out the middle class. Since banks do not pay any interest it forces people to look for other options, and most of these options are rigged with dangerous investment results like stated above. Its not just the Precious Metals market, or VIX Inverse products, but any number of the derivative market products in general have these deceiving products bundled within them.