have to agree this is bottom and due for buyout talk before Z9 results at the end of the month
next weeks earnings.......or lack of them is going to be ugly for PRGO
the ugly will likely be the size of the write down and forecast
I read where FDA is going to move quicker on getting generics out which will eliminate the year or so that generics were able to keep prices higher than they would with competition. Seems from forecast and big misses in earnings that it has started.
write down could be big and forecast on already lowered earnings could be ugly. 90's won't hold up, could see 70's
basing here, not unusual after yesterday but ready to ignite with big short interest that is trying to cover now with big earnings beat and companies lined up to buy company out on any news on competitor.
tide is turning here and shorts realize it. Big squeeze still in the cards in 3 weeks when Aztra Zeneca's drug is delayed with more testing and the likely black box warning.
reason for departure. Might see 6.00 next week
I hope they drive it to the moon causing massive losses for shorts! Serve them right!
rely will have buy out offers lined up!
This is one of the best launched in this area in years!
watch for big rebound back up!