This was a phase 2 study result with no revenue. In the majority of cases, these typically retract. Especially when the company has no revenue.
This was a phase 2 study result. Thge company has no revenue. Phase 2 pops typically retract for companies with negative EPS and poor financials. If it was a phase 3 result or and FDA approval - different story.
This was a phase 2 study result - they have no revenue. If it was phase 3 or FDA approval - then yes. But it was phase 2 - phase 2 results typically cause a gap up followd by a retraction.
It wasn't negative - it was unfounded. have you looked at their financials? The company is far from bankrupt. The drop was due to poor forward guidance.
I don't understand - I'm short and not angry. I'm dissapointed with the run up today but..........this was not FDA approval and there is no revenue being generated. The company has a negative EPS. This is my primary trading play - Bios that get huge momenum jumps on study news. They almost always come back down. it just may take this one a bit longer than most. Some come back down the next day, some in 2 to three days - this one may take 5. Now if they had FDA approval..............I wouldn't be here. Much better to be long in that case.
Sentiment: Strong Sell
Just hang on to your short position........I too am surprised with the run up today, but withing 2-5 days this will be back in the mid teens.
Yes it will pull back - this second day action is a result of additional pumping. The good phase 3 results do not equate to $$$$. FDA approval is the point where a bio stays on an uphill climb.
Phase 3 positive results are not it.......FDA approval is it. This bump will recede............just like my hairline - LOL
I am one of those as well - but definitely not trying to scare anyone. All I'm doing, just like you......... is sharing my opinion. Why do you get so confrontational?
I am totally with you analist - I only short if the news is not related to revenue (yet) and the EPS is negative. The pop is typically over stated and the stock eventually goes down. I typically stay in for 2 - 15 days. Very predictable pattern. I also set a stop loss for the occasional stock that continues to climb. I don't understand why people are so confrontational either. We are simply sharing a trading strategy that has worked well for us. You and I should trade e-mails to share tips. We are on the same page.
More arrogant confrontational ugly #$%$. What's wrong with you? The man gave his opinion - let it go!
Wow - you are not well. Someone or something must have done you very wrong. Why do you feel the need to attack so much? You have never responded to my questions regarding the way you respond to posts. Very arrogant, very confrontational..............
You took it as a boast when I said $1M. I was in no way looking for kudos from anyone. I am way to old and way to comfortable in my own skin to do that. You took it as a boast - I did not mean it as a boast.
Yes - when I posted that (GEVO) I thought there was much more upside. I was wrong. At what point in any of my posts do i mention that I don't make mistakes? We all do - its called being human. i did not post about the 12% loss. I accepted it as a bad trade and moved on. Am I supposed to post that I made a mistake?
I have a stop loss on all trades. As I'm sure you know, you don't want to be a prolonged bad holder and take a beating. As a day trader, I also don't want the funds tied up in a bad trade. I'm an open book - share my opinions and an more than willing to share my mistakes. More than willing to answer any other questions that you present in a rude manner.
Let me tell you what you have avoided. You ripped him a new #$%$ Why do you communicate so arrogantly? To me, the manner in which you communicate is more important than the content of the communication.