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.
You seem to have been around the block with bios like this before! Figure on a secondary before a BO. With the reduced price, a firm like Roche can buy a good bit of shares at a discount which makes the BO a little less expensive due to the number of shares they already own. Look for a secondary announcement this week back down to Low $3.30 range. That would factor a 10% reduction to someone that would want in on the cheap. The BO #$%$ is the catalyst that makes the price rise to make the secondary possible. Just a game they play. Watch it unfold.
Not much to trade because there are not many shares available. Seems to have hit high matching July 9th and 10th. Could be a bit of resistance at the $15.40 level.
Agreed! What a beautiful 3 hour chart! Straight up. Hopefully it stays that way through the close.
Only the Shadow knows...hahahaha. I keep you guessing don't I? $15.50 by mid week then down to $15.01 on Friday for options expiration on Friday then next week we start the climb upwards. That's my prediction.
Just reviewed the 6 month chart and since the week of Jan 16 we have crossed the $14.84 price level 25 times. We had two great runs immediately following to new 52 week highs and we also had the last run up following the unnecessary drop due to the delay. Either way, we will not stay down here long. The stock is too good and it provides a necessary service to those that are suffering. Let's get thru next Saturday (options expiration) and we should take off until the end of August which is when the real bear raids may occur OR the short squeeze???? 30 more days until the real fun starts.
He went down the shore on vacation to eat a big Petey Pierogie and have a glass of spillthewine which he poured into a glass of iceman. Couldn't resist.
Just think, if it pops a few bucks on Monday from these levels (say $3) how many people will be extremely disappointed and will be calling for someone's head. The MM know where they want the approval price to be to avoid screwing their short friends. Once they get a wiff of the approximate time frame, they work the entire scenario backwards and here we are. 50% gain from here would be about right. Puts us at mid $21 level. That's probably why the options are staying around $15 and not moving up. Kinda tells you where we are heading?? My sell order is in at $22 right now.
Finally someone sees this for what it is. Congrats; on to second grade!