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
Some people think that the shorts are hanging around waiting for the last few longs to sell out. Just the opposite is going on. The longs are waiting for the last few shorts to cover??
VVUS is done now but ARNA is trying to catch them as well. ARNA should sell to OREX and use cash for R&D on pipeline if it's that good and VVUS should close the doors and go home. OREX wins and uses money to start up in EU.
Don't be surprised, at least the shorts got what they wanted? Is that what it's all about. What the shorts want. These little bios all get treated the same way. The market them hard when they pass phase 1 & 2 trials and then they let them run to unheard of valuations only to drop them down the 42 - $4 range again because it's harder to market a drug than it is to develop one! Case in point. Just look at VVUS's story over the last three years or so. Two approved drugs in two different categories and a #$%$ poor PPS to show for it.