I'm unsure if you are alluding to Thor or Maslow.
Regardless, we will all sell.
For better or (in the case of ZLCS) worse, some people are, in fact, very long term investors. As such, it's not uncommon for some to hold a stock for years on end.
Investors who bought and have held Berkshire, for example. And not for three months; for decades.
But you do get my point; that being, ZLCS's failed management has DESTROYED shareholder value since this company went public.
A fact proven by the current stock price.
Who again is the "mental midget?"
ctbradley11 • Sep 20, 2013 7:42 AM
Z160 is the next big thing for Zalicus. So, buying in now is smart, this is the next promising drug in the pipeline along with Z944. Zalicus has enough money right now to last them through 2014 and keep in mind we will most likely see a R/S by October of this year but it's needed to get over $1 thus allowing big institutional buyers.
Sentiment: Strong Buy
So, then, you didn't buy and hold, did you?
You bought, and then you sold.
As such, my post remains correct.
The only people who have ever been guaranteed to make money via this failed company are the failed people who have supposedly been running the company.
For weeks and months and years, they have received salaries.
And even today, they are STILL being paid. They wake up, drive into the office, sit down at their desks, and do... what?
Answer: they fail. Time and time again, they fail.
And yet, no matter how far the stock falls - and no matter how much money ZLCS shareholders lose - the failed executives at ZLCS get paid.
Again, to fail.
If you bought in 2005 and held, you are losing money.
2008? Yep, it's the same.
2009? Sorry, still losing money.
2010? No change - still losing money.
2011? Take a guess.
2012? Still down big money.
2013? Oh yeah; you're losing money.
Six months ago? Down.
Three months ago? Still down.
A month ago? Losing money.
Two weeks ago? Ouch - big losses.
A week ago? Same.
Yesterday? Once again, you're losing money.
Anyone here see a trend developing with the failures ostensibly running ZLCS?
The CEO and Board of Directors long ago abandoned their fiduciary responsibility to shareholders.
As *proven* by the stock price.
Nice chart over the past five years.
Outside of CTIC and AEZS, the clowns ostensibly running this pseudo-comany are probably some of the WORST executives in biotech.
Hard to imagine they have actually been paid, for years, to DESTROY shareholder value. But, they have.
And they are STILL getting paid. To do NOTHING.
Certainly not pre-market.
The market does weird things, though, so maybe vast riches await everyone soon after the open.
I do believe, however, that if the people running this company could muster up some truly positive news ACHN could easily pop back up.
Management doesn't seem very market savvy, though. Which is why ACHN ended up trading at a new 52 week and ALL-TIME low.
What do I think?
I think management's decision to issue a press release on a Saturday - and not on a day that the market is actually open - proves the point I've been attempting to make here; that being, ACHN management lacks market savvy, and has little to NO clue on how to best go about providing a consistent and appreciable return on investment to shareholders.
A press release on a Saturday? Really?
Moreover, I rather doubt ACHN is going to see a big pop on Monday, if at all. Had management released the PR on Friday, and during market hours, ACHN might have bounced simply due to a knee-jerk reaction to "news."
But "additional insight" into a "preclinical" inhibitor, and one that the company "anticipates" initiating proof-of-concept trials with "during the first half of 2014?" This is about as far away from an actual, revenue generating product as it can get. I think the only step below this might be "You know, I've got an idea about something..."
Again, had management been smart and surprised the market with this PR on Friday afternoon I could envision ACHN having bounced.
But the PR was released today, allowing everyone the opportunity to actual think before simply reacting. As such, I'll be very surprised if the pumpers here are correct, and ACHN trades above $3.00 come Monday.
But hey, ACHN: go ahead and surprise me! I'd be happy to see every long here make money on this stock.
Yes, I agree.
Management should be solely focused on the price of the stock, and everything they do should be geared towards increasing the PPS.
Yes, this is a biotech company. And yes, sometimes the news is less than good, or even awful.
But when the news is less than good, don't make it worse for your shareholders via a poorly designed press release.
And for those times that the news is bad, if at all possible be prepared to counter the bad news with some - any! - good news. And failing this, hopefully you're the type of management that has previously been pumping out good news/positive results.
"Yes, we had a set back this time. But please remember A, B and C were successful, and are still moving forward as promised."
Come on; shouldn't the people running this company know this? Apparently they don't, though, which should be a worry to every long here.
And if they do know this and simply don't care, that should be a huge worry as well.
So what is it, MACK management? Are you ignorant, or do you just not care?
Today is simply another "buying opportunity" in a long line of "buying opportunities."
When are the people ostensibly running this company on behalf of shareholders going to provide longs a *selling* opportunity?
The MACK apologists here believe anyone complaining about yet another 10% one day drop is simply a "basher."
But what do you call a long who *doesn't* complain about a 10% one day drop? Or a fresh new 52 week - and ALL-TIME - low? Or a management that dilutes shareholders or fails, time and again, to deliver positive results?
And happy to see you're someone who engages one's brain.
There's an interesting dynamic that occurs on these message boards, and it goes like this:
Someone posts about a stock's poor performance; bad management; horrible earnings; etc. In other words, pointing out less than positive news/events.
And then what invariably happens is this: someone who is already long the stock bashes the so-called "basher." In other words, the "good" long immediately makes it personal.
I could post "ACHN is down around 65% over the past three months" (which is a fact) and complain about management not delivering results, and more often than not the response is: "You better cover your short, basher!"
I'm regularly amazed by how many dim-witted, IQ failing people have managed to figure their way onto the Internet...
As a result of your posts here, as well as the posts I see you've made on other Yahoo message boards, it's readily apparent that you're a simpleton.
You buy a particular stock, and then anyone who posts anything other than something glowingly positive about the stock you now own is "spreading fear," or a "basher," or "short."
As a result, I'm really glad you own MACK, and that you are losing money. Enjoy!
You may be right, or you may be wrong. As you're apparently long, I hope you do make money.
My point was simply this: buying a stock - any stock - simply because a large fund buys is NOT an indication that the stock is going to go up.
Again, I hope you win big buying ACHN. But if you do win big, it will be because the people supposedly running this company finally do something intelligent that results in the PPS going up.
And not because Ra Capital now owns shares.
Your reading comprehension skills really need work.
I answered your initial question; that being, I'm not fear mongering.
You can continue to parse all you want, as well as fail to acknowledge that I've only posted facts.
Management needs to once and for all come out with some highly positive, meaningfully substantive news.
They've been d!cking around for years now, with little sense of urgency as it relates to shareholders seeing a consistent return on their investment.
And, in my opinion, there's been little sense of urgency simply because no matter what happens - good results, bad results, no results - management keeps getting paid.
So while they might claim to "care" about shareholders, the reality is they don't care.
But I guarantee you they would most CERTAINLY care about shareholders (and, by extension, the PPS) if they were paid relative to their performance and the performance of the stock.
However, management would NEVER agree to such a pay system. And that right there should tell you all you need to know about the people running ACHN.
"What we longs need to do is forget what we paid six months ago and ask if we didn't own it would make our first purchase..."
You're totally correct.
"... and if we say no then we should just get out."
Actually, no. Not get out, but rather not sell. Because, again, if you weren't already long you might buy at this time. But if you are already long and not willing to buy more, this doesn't in and of itself mean you should sell.
Rather, instead of buying more or selling all, there's also simply holding and waiting it out.
There's zero "fear mongering" in my posts. You likely read it as fear mongering simply as a result of you being a long.
I've stated facts: MACK is down another 8% today. MACK is trading at fresh new 52 week and all-time lows. Management has failed shareholders.
Again, these are facts. Or are you arguing that the above is not true?
No, that's most likely *not* a "fact."
Rather, it's simply some percentage you pulled out of your rear-end.
What is there positive to say about a stock that is down 8% today, and keeps hitting fresh new 52 week and all-time lows?
Seriously, you tell me the positive here? That it isn't down 15% today?
Or is the positive that every time MACK drops, it presents yet another "buying opportunity?"