Value matters. Value takes into account, future earning, earning potential, likely hood of FDA approval, partnership deals, buyout potential.
For someone like you, this is beyond your comprehension.
that guy who sold at $5.95 and told us all how right he was?
I bet it hits $200 before it hits $300!
That translates to, you are a loser and don't have 25K in real cash for a margin account!
I don't disagree, but I could equally see a rally to over $7.50 by option expiration on April 19, and take out all those shares.
Normally i sell some shares on these rallies to lock in profit. But with this stock I have been selling calls. i just got 40 cents on the April calls, $10 strike price.
This long time investor has used this rally to get off margin (which i expect many people who loaded up in the 4's did). On top of that i sold the April 7.50 calls for .80 on 20% of my position.
You sold early, it hurts, get over it!
No, it's going higher. I just sold some, and I am always wrong.
then short it, if you have the sac!
I got Wednesday, March 13, 2013.
15,000 shares asked 6.15, and snatched up 40 minutes before open!
Good volume today.