Look for drop back to sub $10 range in a few weeks. Approvals are the kiss of death for stocks believe it or not. Now it's time to raise money to market and manufacture which will take time and resources. Time to move on as this pig is done now.
Bios suck past Phase III. People need to remember that. There is too much cost associated with launching a drug which is why they usually drop consistently after approval. Look at VVUS, ARNA, KERX!!! People have to be happy with 25% now, the 50% to 75% gains are a thing of the past now. Shorts won't let that happen with inside help from their friends the evil, MM.
If you follow the logic from KERX recently, that will be the next secondary price offering. Just wait and see.
Really bold statement by Brean since they just raised 110 million with the recent offering. Mr. Obvious.
The drugs performance and the stock's performance are two separate things. Keep that in mind. The stock price can be manipulated over time, the drug either works or it doesn't.
In 15 minutes the stock shoots up on low volume and starts to get walked down on larger volume chunks right back to the level in which the spike began. They invest a little in covering and a lot in shorting. This is how they use their money wisely to keep applying downward pressure and keep the price where they want it to be. If it holds around $13.20 that would be another higher low going forward. The slope of the line is very flat which does not imply anything positive. Good channels are usually around 45 degrees.
We have been in a negative trading channel since the 4th or 5th trading day in November. This can be seen on the 6 month chart very clearly and is backed up by our constant drift below the 20DMA which is the overall sign of current trading. This is where the dead money started.
It forced some smaller hands to sell out to the MM and they intern could buy more for their clients. Today is sunnier because they won again.
Yes, the trading volume is way down and the stock is trading like it's waiting for some news (direction) It wants to see some sort of script data in my opinion. That's all that's out their right now.
I make no claims, just Observations. Do with it what you will or stop commenting. I said retest the $12 LEVEL, NOT $10. Twelve dollars is usually the level at which the stock jumps to after a Phase III win. The retest would go back to that level as a support now until sales numbers tells it to move otherwise. Just from previous observations, not predictions.
I expect KERX to continue to do what it is doing...nothing big! The market mover today is larger cap tech stocks with international exposure. That's not what the bios do so they will get generally spared from today's sell off.
Let's see, you bash the stock consistently, you use all caps to sound smarter than you are and you are trying to scare people into selling...hmmm I guess you are a frustrated short that's new to the game and don't want to disappoint your boss with a bad investment. Your cooked sucker give it up, you are nothing and should quit while you are behind. Squirm you worm you are going down. I don't invest in this stock but I look for idiots like you just to blow your cover. Ignore for you.
Nice recovery from the $13.20 level. Tomorrow we need to trade above $13.25 on the low end and trade above $15.50 on the high end to keep the trend. We've reached the $13.50 level twice yesterday and couldn't break through with volume. If we don't get above this level soon, we could retest the mid $12's again before going higher.
We are heading back to mid $12s quickly before we try again. The stock has no legs to move higher beyond the range with which the MM like to play with themselves in!!
As I stated before, I am no longer in the stock for now but I do still watch it for the next time to jump back in. Just because you're not invested doesn't mean you stop following the patterns? I report my observations from what I see happening day to day. If you don't like what I have to say, then why do you feel the need to follow my comments?? Please ignore me so we don't have to keep having these conversations but you can't and you won't. Deep down you know I am right and always wonder what I am going to say next?? You're hooked!
Your name alone tells the story. Forget what Craig says, I say possibly as high as you are right now for thinking he is accurate in his prediction. That's such a joke. He's predicting well past your lifetime no matter how old you are!
Did Craig also explain why after approval the PPS is still under $11 hummm?? Don't believe these guys. They get paid to out do each other so people read their worthless trash. Today RMTI is worth $10.83 and that's it!
We have started our initial decent to the $12 range. Things are looking good and orderly here at the deck. We have clear sailing down to altitude level of $12.50 with no longs in site. Gee, I wonder if that guy who called the channel breakdown yesterday knows what he is talking about?? Hope everyone enjoyed that $13.45 head fake in AH last night. Just another sign of what's to come.