Most mutual funds are not allowed to invest in garbage priced below $5/ share. More downward selling coming soon to a computer near you. Watch your money disappear just like that. BOOM goes the dynamite!
Why does a company's PR department have to issue a statement because the stock price drops? Hello, the company does not control the PPS so why would they feel the need to comment on it movement? I know, you are just #$%$ off that you just lost a lot of money today and you want the company to be responsible for your bad investment right? Well it ain't gonna happen. Sell, take you losses and go home.
If it looks like a dog, smells like a dog and performs like a dog, then it is a dog. We were do to drop going into the holiday weekend because the last time we hit $2.90 or so we sold off. Look for tomorrow to be bad for several reasons: We've hit resistance again, the employment numbers will be better than expected which will give the Feds the green light for a rate hike in September and people take money off the table ahead of a long holiday weekend. Loom for the Dow t be down around 300 points after the report and OREX will follow down (-$0.10) by the close. Just have to wait until Nov 6th for something new.
Correct, it's the last time we heard from Orex. Now, who knows what the significance of Nov. 6th is???? That will be the next time we hear from Orex. See the pattern developing here? No word of FDA submission in Korea yet. Will Ding #$%$ still be on track to roll out Contrave in Mid 2016 as planned in Korea?
With so many people still out of work, they are not insured and cannot afford to pay for these treatments out of pocket. Therefore they don't go to the doctor's office and do not get issued a script. When the world is back on it's feet and people are working and covered by their jobs, they will start to go back to the doctor and you will see all these floundering bio techs do much better.
and under delivered stocks of all time. So glad I bailed at $15 level. It may come back some day but it will be a LONG while!!
I'm heading to the penny candy store to spend all my gains. I guess we will only be getting updates from OREX once a quarter going forward. Really surprised the analysts aren't trying to get things out there by surprisingly raising targets little by little as deals get done.
There are a lot of things working against this stock price right now but the sales number projections were probably overinflated which means the analysts pumped the stock up so it could be shorted knowing full well that even with EU approval it would take months to years to get all countries on board and have consistent meaningful sales. Along the way are the required tests that always seem to be required that don't stop the FDA approval but hampers growth. Every bio tech hits the street and is presumed to be the :the next best thing", " a blockbuster", a "trend setter" yadah yadah yadah. I've heard them all. So with time on their side, the shorts gat early control while the longs sit by idly just waiting for their turn. Don't you think at these absurd numbers that some company couldn't just come in and buy OREX out from under the stockholders? Why hasn't this happened yet you say? Well there is a master plan. It takes time to grow a one trick pony world wide and investors are finding it out right now. I'm sure OREX leaders are out doing their best to promote a deal that makes sense but you need to learn all the rules in every backyard you play in and I'm sure there not all the same. At some point OREX may or may not become a world wide name in Obesity drugs. It's too early to tell right now but with VVUS ad ARNA failing to maintain any foothold and OREX leading the way in to Europe, things should only get better from here. On top of that the broader market is contending with messes in Greece and China, oil prices and interest rates. Just a recipe for disaster for a small bio that has nothing really to show the world yet.
Then $0.50 then $0.25, the $0.125 then $0.0625 then $03125, we get it. Greta call moron. Did I embarrass you yet? I was really trying to.
on days when the Doe is getting whacked over 1%? It makes you think that the trading is being done in disguise of the broader market and people are trying to exit or accumulate under the radar. The stock has no future and products that don't sell. I can't even believe that the stock trades at all anymore.
at the open and just trades horizontally until lunch time. You would think they just wanted to knock it down instead of trading it. The market is the most crooked place in America right now and no one can or will do anything about it. It's just like our government