Jim, exactly, so this time we have to hope for a different result, down two Q's, finally up one?
Friday's price action, CUR drops .05 as Russell 2000 index drops Our stock moves completely in tandem with small cap ETF's or indexes, although not in same percentages, Friday we dropped 4.5x more than the index $RUT on a percentage basis. If you own shares here, and I do, you had better know what this index is doing, until such time as CUR establishes a divergence from the index. Still under the radar, no identity.
It does seem to make more sense, you're not buying all the company's assets employees and overhead, just licensing the drug, and we've seen what TW can do with Vimovo, it wouldn't surprise me that he can pay for its acquisition cost before Q4 '15 arrives, thereafter it's pure profit out of a cash purchase. I wonder how TW views paying down the $200M debt going forward?
Syn up 11 cents today, ATRS down .08, looks like it is rolling over after the scripts being down this week. Both are good stocks, I own both. Syn did have an offering that dropped the shares into the mid 1.30's, just last week and early this week, so MDR's tip was a good one. Today it is trading up .13 at 1.63. It is one of my larger positions, a Randall J. Kirk Company.
The analyst upgrades are slow to evolve, we are overdue for a nice upgrade, they're likely going to wait until after earnings, having the latest update before they upgrade would be prudent.
Gotta like what's going on with the Company, this fills out our line of products nicely, seems a reasonable acquisition cost, even less than Vimovo, let's see what magic TW and Co can bring to this drug. Dropping it into a growing well trained sales force, possible price increase, huge spike in the potential for this I believe now that it is the right hands. I'm a little disappointed in the tamped down valuation of our shares, given the news around Actimmune together with this acquisition. I thought something like this would send our shares back over $12, but the day is still young, 11.60 now.
Their vaccine is protective not curative, and we have no confirmation that their vaccine product has been brought off the shelf, all rumor and speculation last week or two.
We now have small caps leading the market rebound, for the time being this is going to help. I've noticed since the Russell index has been under pressure, so has the biotechnology sector...broadly.
Today there was a positive article on Biotech shares generally with a few recommendations, not our stock however.
"Analyst Top Biotech Stocks Could Explode After Huge Sell-Off"
It became apparent there was a turn coming, but yesterday's action confirmed it, and today again small caps are leading us up. This along with the shorts has exacerbated the trouble longs were having as we were buying against the trend. Well, the trend is now with us, we have technical strength as well as the accompanying strength of the Russell Small cap showing a big turn up.
Further, we have a rising RSI at 45.2, slow stochastic bullish crossover of signal line, and exponential moving average will cross over tomorrow. Every one of these indicators points to a continuation of what we see on the chart the last 3 days. This time we will have the Small cap $RUT index also rising, at least that is what I see going forward. Today the big recovery in our indexes off the lows was after small caps went positive first, finishing up over 1%! If I'm correct, we will see leadership of small caps moving forward out of this correction. We'll see. Good luck!
Hundog, hope yer right, did you see $RUT go up 1% today? This could be the reversal of trend we've been waiting for. The correction in small caps has been through today 14.2%, and today's large cap percentage was 9.9% if you measure the intraday low today of 1820 from the July 1st high of 2020, that is 200 points. IBB was also up today, perhaps, perhaps?..we will see the $RUT trend change accompanied by a sector rotation back to biotechnology stocks? That would be amazing, since CUR is a reflection in the mirror of $RUT or IJR which is the iShares ETF for Small Caps. Look at it on a chart and overlay the CUR chart, they are absolutely a mirror of each other. We as a company have no prayer of diverging unless our management gets with it and through PR's they can translate value ahead of revenue generation and earnings. This stock isn't going to elevate much unless they can, or these ETFs and the Russell small cap reverse. Pray on it, all of you! It's real, look for yourself.
That has been a long time coming, thanks for bringing that up, could be a sign of new found stability for our stock. I am closing in on profitability at 2.21, can you believe it? I did take some shares off at a loss higher, but am still net positive on all my trades here. At one time I held 100,000 shares, glad I dodged that bullet!
Would agree with that, and further, with the indexes reversing intra-day session to the upside, it seems to indicate that we may have had a climactic end to the downside correction today. We touched 1820 on the S&P, that is 200 points lower than the 2020 high, 9.9%. Still a fragile idea and news and nervous keyboards will tell the tale of the tape as it unfolds.
"loko's post on SA struck a major blow in favor of the apprehension of that possibility." Can you state your point differently, this statement is confusing, thanks.
Really? I added 5,000 today on sale, now holding 15K at .49. I won't buy more than 20,000 shares, so if we see persisted low pricing, I may add another 5k shares. Good luck, not sure why I got a reddie!
The offering closed at 1.47 per share, and today we close a dime lower? And a penny lower AH, not likely significant I realize. Weak market day, but whole lot weaker early and quite positive how indexes improved into the close. On my screen most biotechs were up today, yet we closed at lows of day, this didn't add up, we otherwise have stayed stronger.
I guess that didn't matter since our markets opened drastically down today, October 15th. The key thing I take away from today's action is the huge reversal that took place in our indexes. $RUT closed up 1%, that is huge, considering how far down it was intra-day. Most biotech stocks had a great day, ACAD was up $3, yet SYN not only closed at its low of day, but was down another penny AH. Does anyone have any clue why this happened?