While it did pause at the threshold of $15, back and forth for a while, it sliced right through it and kept on going up, that's the HZNP of old, the one I remember. Wow, what a day. About a year ago I was comparing this stock to DEPO, which at the time, both were trading around 13 or so. Then we hit the exclusions, and dropped, they went to a low of $10, but noticed today they were up 14.4% to $20. I actually held both then, larger here, smaller position there is no longer. I did miss their drop, stayed with our stock the entire time. I think we will be on the fast track now to catch back up to DEPO, the other stock LCI that does generics was up strong today too.
You had your chance, 4.58 I saw briefly, but didn't get that lucky, did get 3,000 at 4.64 to add to my stable, now holding 38K shares. This is a monster, if you didn't listen to Milano on the JPM conference, you really must, if you're serious about your investment here, he's very articulate, passionate, and I can just tell how he speaks that people will want to follow him, make a deal with him. I see this guy taking us to the promised land of biotech!
Sentiment: Strong Buy
I had purchased 3,000 more at 4.64, then it dropped to 4.58 and started back up, then it exploded up in a flash to 4.71, cool deal! Maybe this consolidation is over?
Just after I posted that, I put in an order but the price had already moved on me, but I did get a fill at 4.64 for 3,000 shares. I figure it's back soon to the upside, risk reward definitely in my favor. If it drops below this level again, I will get another lot and call it good at 40K shares.
The default move is down 3-5 cents in the morning regardless of whether it opened higher or not, then comes back a couple cents, and then tacks on two cents at the close to save the trend and chart. This is what can be said to be the spring coiling, or in other words, a sideways consolidation. The longer it does this, the higher the upside move IMHO, and of course, the stronger the support in this range. I am ready, all those in favor show yourselves!
For sure it will, but you must give it a chance to be traded in a less turbulent market. Tomorrow may be another down day, if it drops further I'm going to jump all over it! BUY!
Sentiment: Strong Buy
What I see on the chart are technical indicators showing the stock 'rolling over' with price vulnerable to a period of consolidation which started today. Sometimes with strong stocks this phase ends up being a sideways consolidation, and not much is given back. Or, more often the stock goes down to find support and it wasn't evident today until we reached the closing lows. I had an offer in for a few minutes at 16.22 and it didn't fill but started back up. I pulled the offer before it came back down, figuring I'd better wait to see what tomorrow brings. My most expensive buys were 16.15 and 16.20. Haven't sold any. Good luck.
So, if this is what's happening, they will run the stock down another .29 tomorrow to make the $5 calls worthless, if I understand your point.
Quite to the contrary, when the price goes down, the stock's value goes up, because you can buy the same shares for less. That doesn't help those who bought higher, like you and I, now we have to wait for it to recover. They made bag holders out of us.
Jeff, you are so right, so are all posts I've read below. There's only one thing we can do, and that is to buy shares when they go on sale, because we know the irrational market action (today almost all biotech stocks are down) has dropped the stock to below it's intrinsic value, and if you can't do that, your choice is to wait for the shares to reach your target price, or sell into the weakness and take your lumps.
This announcement gave us a temporary lift, now it's up to management to execute and give investors something to cheer about.
Yet what I'm finding is it's a hard stock to hold, there's been no sun for quite some time, and we can't seem to hold any gains. So, it's definitely a waiting game. Patience in large doses.
I added another 500 shares today, and 500 yesterday. As I get deeper and deeper into this stock, I am reminded that this strategy sometimes works, but I have also bailed when things don't work out as I hoped. I am a few pennies out of the money now, so fortunate in that respect that I'm not down more, but there must be a lot of investors here who are really feeling the pain of the continued uncertainty prompted by so little information about launch, manufacturing, etc. The Street article on the 12th really makes me mad, how can one dispute we are feeling little love from our partner as to how they are handling marketing and their plans for launch?
I agree, last two days though have us back under, today was a surprise to close at 3,.82 after the morning rush at the stock sent it heaven bound.
Yeah, that was wild. I bought and sold and now am holding. Took a traders profit then re-entered lower, only to find it went lower yet! I have high hopes for this stock.
The update was well timed for the ensuing nervousness of the market as we enter earnings season. Such a comprehensive overview, exactly what is most often missing from most Companies...transparency!
We sure haven't floated up with the sector on speculation, everyone says it won't go up except on real news. We've languished when there have been really good moves elsewhere. FMI got bought out and doubled yesterday, I had been looking at that, sorry not to have moved on my hunch.