the $16 range is the right number if we are going to be between $20 - $24 post approval; which is what most people are saying. ($20 to $24). The PPS is converging on where it needs to be to deliver the right range of profit so it stays in line with the analysts estimates.
As a 10% + owner they are considered an insider which means that have to declare their transactions 3 days in advance. Did they do that??? No so they are not dumping! In fact as MGM points out below, they recently added 100,000 shares. As an insider now, don't you think they know a little more about what's going on than you or I? I would think so. Why would they add recently if there is CRL coming? Think about it, you are reaching, you're desperate and you will become the 100th person on my ignore list for KERX alone. Congrats on that.
Funny, on the TROV board not more than an hour or so ago, I mentioned that the price would cap out in my message and you disagreed. You thought that it had more upside. Why the change in heart? Did you feel that 30% was enough for now on no news? Good for you that you made a few thousand bucks to buy more KERX on a down day.
I stand corrected, it did mover even higher. I would have to wait for a pull back to get in now. I don't like following a 30% plus gain wit a buy; it just never works out. I'll keep it on the radar with some of my KERX profits that are coming soon!
What is that you may ask...I will explain it to you. You know I like to look at the charts for my insights. The recent uptrend is in a positive channel that's about $1.20 high (upper and lower boundaries of channel) and has been moving up and to the right for weeks now. We have been trading at or near the high point of the channel recently and today is the day where we drop the candlestick down to the lower end to keep the channel alive in it's current shape. It's like when we dip down to a major daily average for no reason other than it's a support level. This is the same kind of thing. On a great trading day this gets hard to look at but this stock is on it's own trading schedule right now. We are basically flat over the last 5 trading days until we see that SPIKE upwards!
I think you mean cover at $270 once you've said, no SCREAMED UNCLE!!!
For the one who kept proclaiming $100/share, are you getting scared with today's action?
The $4.60ish level is right in line with the decreasing line of lower highs started 6 months ago. That's why it was met with selling pressure. The local top is in and done and it will drop back down quickly. Already down like $0.20 since I started typing. MGM I would sell and buy back in around $3.50 level because it will retrace.
Petey we don't always see eye to eye on things but as investors my advice would be to trade what you can comfortably pay long term taxes on. If you sell 50% you're looking at close to $250K which can net you a pretty good tax bill if you are not prepared for it since your gain will be high.
Just remember $20 is only the next target...there are future sales, future milestone payments, European approval and the old BUY OUT. Sounds like you are screwed if you don't cover soon son!
Couldn't even raise the price $0.26 today and hold it there. Their is a force out their mightier than the MM?? Really odd action for today, low volume and odd drop due to Russia news. This sis it, everything should be behind us now, well except the possibility of more Russia-Ukraine BS over the weekend.
I guess the Russians are the ones that own the options at $16. They needed to mention a conflict to get the price closer to $16.