I would classify myself as a short term long. I like to day trade but not everyday. I like to look for rallies in stocks and sell into strength and look for 15% to 20% pull backs to repurchase with sales proceeds. With the profit I reinvest in same or different stocks so I am always trying to play with the houses money. I don't like to keep dumping new thousands into a stock for that fear of losing it on something that is beyond my control.
How much lower does it fall before 1st week of November rally? Do we retest $9.50 and lose all of our gains from last week's two day explosion??
I can't speak to the value of the potential Japan approval but NDA filing is over rated as a catalyst. The announcement usually comes out in pre-market and does nothing major. The milestone payment is also factored in so it's just another chance for shorts to sell the news as well as the royalty payments from sales which won't be recognized for years. As far as major catalysts, it's ALL about sales!!. This won't happen for at least another year plus. PDUFA is in early June, which puts FDA in late summer of 2014. Assuming approval, you will need to get NCE review which these days takes another 6 months the way they work. While that's going on you need to hire marketing and sales force to prepare for launch. Ohh by the way it would be nice to have a partner to make and distribute the product. This will get shorted 100 times by then and there will ALWAYS time to get back in. JMHO
How much can they have left. As good news comes in, the PPS keeps getting knocked down consistently. Seems like the $11 level is the new bend but don't break level.
Maybe he can control the meaningless message board but he can't control increasing scripts going forward. Once ARNA grabs traction upward, SO articles will be a thing of the past as they will no longer be a vice to serve his mission. That's why people have to stop reading these ridiculous posts and taking them as factual.
When stocks soar on any given day, each of the next few days the percentage increase seems to be cut in half until we go negative and take a break. 20% one day, close to 10% yesterday and down so far today. The stock needs to regroup before pushing into and thru the 12's.
AH close at $10.50. I stand corrected. I'm glad it held. Just had a funny feeling that a large block would be sold but it wasn't.
I am the little boy in the Scott trade commercial with all the devices in his crib. I have been trading since I have been in diapers. I'm like 4 now. Why do you ask???
I can see a 5% to 8% sell off in AH trading. Some will take profits and others will try a new short position. I hope I am wrong but a 19% gain in one day is very hard to maintain w/o news to substantiate it, well short of the upgrade and the prelim. news from Japan. Just a clear warning to the shorts to abandon ship. Go KERX. Glad I added to position in $8.70's yesterday. Whew.
Joe I have to see you predicted that "V" formation right on. Nice job by you.
The slow and steady decent is the sure sign of manipulation since the shorts have a few more weeks on their side. If their was something bad, there would be deep spikes as tutes would be dropping 10,000 share blocks at a time. This is an orderly bear raid and a last attempt to cover at these levels. Shorts are working overtime because they know that by Friday we will need to be back at the $9 level to make options expire worthless. don't you know the game by now man. Watch how creative it gets played out.
Getting excited to see the price fall are you. Don't you see the nice deep "V" that's forming right now? This will skyrocket back to $9.5 within a week. get your jollies because like all bad things, they will come to an end.
Because too many suckers were led to believe that $10 was the new low a few weeks ago and the shorts just keep trading back their shares and buying them even lower. They know they still have time to walk this down before the next bit of news. We could test some new short term lows here. You figure the lower they can drop the price the stronger their gains will be when it recovers.
mgm I just have to ask you. Why do you feel the need every week to tell the board that you have either bought more or have an order in to buy more stock? Do you think it makes everyone go ooh, aah. Each week you seem to spend between $10K to $40 on new purchases. If you have this much money to spend on a weekly basis, why are you wasting time on little BIO tech stocks that have a 50-50 chance of survival??
at or around $9 for five days because options expire this Friday? What a waste that stocks just don't trade for the right reason, not because more money bets this way or that? It's like loosing a week out of your life every month. Why don't they just change the options target to $12 and then everyone will be happy.