I am so glad you keep sharing this brilliant investing advice. $0.20 here and $0.20 there, you're rocking it. Did you make a whole dollar yet?
until the August options shape up. Then you need to trades around them. FDA will let MM get one more monthly play session before delivering the news that we will be at $20 real soon!!
I think $13.50 is a given at the open. If market is down big early and earnings are poor, look for retest of $12.80 quickly before noon. Options really want to beat $15 but we just aren't gonna get there this month.
It's amazing how those MM do that. They must think approval is near because by taking down the price this hard (close to $3 in a few weeks) they will guarantee the approval price will stay below $20. Even a 50% gain from here just about gets $20.
At the low of the day KERX touched on it's 50DMA and held which is a technical win. If it ventures below and uses this line as resistance at all this week, the PPS will drop down in the low $13s. The options at $15 could actually be a savior for us this week. We'll see how it all plays out. This is a stock to trade almost daily due to the price fluctuations, regardless of what MGM says. We could hear before Sept 7th, on Sept 7th or shortly after Sept 7th. No one really knows but between now and then there is money to be made and shares to be had. We seem to be locked at $15.30 right now as a high and we have a decreasing bottom. Not the best of signs right now.
Yeah the goo from your brain. The MM are setting up for another drop tomorrow because they know the longs won't sell so they are playing with their own shares. They sell their small long positions to add shares to the market and then borrow them quicker than you can say spilthewine and they open up new positions that buy them time and get rid of older positions that were getting closer to being bought.
The stock will come back down to $3.33 level again and all these gains will be gone. But for those who sell now, you can buy back in later and double your shares. If indeed the BO happens, you will be rewarded handsomely! Mark this post and look me up in three months.
Whenever a tech pops that they don't like or weren't ready for, they issue the same canned statement. We rate them a sell because they have no earnings, no sales, they are losing cash, blah, blah blah. No #$%$ Sherlock, they are in development stage at this point; therefore no product to sell, no earnings and the cash is being used to further develop the trials which are working towards FDA approval at some point. What a weanie. Just because he missed the boat on this one, he has to slam it to lower it down.
When the volume dried up and the PPS curve started to peak and flatten, you could tell we were in for a typical finish off the highs and right down to the $15 level which gets the MM one day closer to expiration with very little movement to go from here to make things expire worthless come Saturday. Look for the opposite tomorrow. We continue down and after lunch close back to $15.
Looks like a buy right now with positive P3 trials announced earlier today and BO talks floating around. Be careful of secondary trap here. Looks like they could retrace to close gap from Low $3.30 level which would be about a 10% retracement from current levels. Would be interesting to watch for those that want another active option.
That's not how this works...that's not how any of this works. (Hey, sounds like a commercial I just saw). The price will be what it is, not because of some existing high. CHTP was bought out for less that the price immediately following approval. It was hyped too much and BP will not overpay unless their is competition and they are forced to.
Don't worry, if the BO happens and it's not high enough the ambulance chasing law firms will be out in full force looking to drum up business by looking for lead plantiffs.
Stop, you are fooling yourself. I'm surprised you are not looking for $30 a share. You people get so carried away. Let me guess this is going to be the next "Blockbuster" right. yada, yada, yada!
Just the contrary The secondary is on the table and the BO noise is the catalyst to make it happen.