You're getting it now. All $0.07 of it. Take the money and run. This is setting up for a drop to $11.40 tomorrow at some point as we continue with the downward channel.
You named a few, I could name hundreds that didn't. That's the % I am talking about. We never got to the low $20s. I think the high was $18.48.
So why don't we just drop there now and halt trading for the next 23 days so you will be right. Doesn't work that way. Let's say that KERX buys a small biotech with 3 phase III level drugs in testing. Don't you think that would raise the interest in KERX significantly?
You can count on $0.50 - 0.60 swings almost daily. If you have big enough dollars to play with, you can pick up some free shares with no new capital. All this while others are #$%$ because they are down $4 from when they got in and they don't know how to get around it short of sitting and waiting 6 months to a year.
Sorry, the low came in between 11:39 and 11:52 today. I'll do better at calling it next time. Hey MGM, just found another nut, what do you know?
Yeah it was pretty close to that time. There are a few that call what I try and share as Luck. Screw them, they are just sour grapes and are #$%$ that all there money is tied up in a losing stock right now while mine has been free to play since we last saw $15. Some day they too will learn how to play this game the right way!
Forget the current PPS of KERX right now, you should learn this about biotech companies. 1) The best gains for a bio is between Phase I and Phase III results. The fanfare leading up to FDA approval is just about inflating the price so the shorts have a high entry point. 2). Do not hold your shares through approval. as we see you can buy them back at a steep discount (+/-) 40% in a matter of months. 3) Plan on 1 if not 2 secondary offerings. This lets the big boys in and it gives the company the cash infusion they require to market and launch their product. 4) Never assume a blockbuster right out of the gate. It takes time to do it right. Even the best of drugs take time to saturate the market regardless of how effective they may be. 5) Unified insurance coverage takes a good 6-9 months to roll out which will ultimately help the PPS of the drug. 6) Don't get hung up on waiting for the NCE. it really means nothing in the scheme of things. 7) Most bios pull back to much lower values if not single digits just because they can get manipulated to do so. 8) Weekly scripts do not guarantee a straight line up and to the right out of the gate. There are many more things to remember but you get the point. Learn for this and double your money on the next one using these tools as a guide on how to invest wisely.
The shorts know what's coming in the call on Friday and they are dropping it as low as possible so they can cover on Thursday late afternoon and ride it back up as a "long" Friday at the open. This way they make money both ways. $10.96 is still the support point for now?
Resistance has now dropped to the 20 DMA @ $11.94 and support below is at the bottom Bollinger band of $10.96. Ugly at best but I also expect a jump up sometime after 11:30 today and a slow assent into the CC on Friday AM. Shorts are just pushing it down as far as possible with the few shares they have to play with.
Splitting the price also encourages new buyers that can't afford the pre-split price. That can drive the price right back up post split.
You're implying I'm lucky rather than good! I'd bet on what I know any day of the week, as a matter of fact I DO. While I have been out of KERX I have been making a killing in HD recently. As you can check my previous post, HD and AAPL were my two picks for the "investor of the year" contest. See I move my money to actively climbing stocks. I don't just sit around and wait for 6-9 months for a stock to rebound from losses in the hopes that it gets bought out. That's passive investing; I employ Active investing. Even if I was a blind squirrel, at least I have a keen nose for investing.