They got it down .09 on about 200k shares.... before it rebounded. I hope whoever did that was able to buy all those shares back or he will be upside down again.
I responded to the GALE question earlier, nope not back in yet. I think we test or at least attempt to test that low from a few days ago. Will start a new core position..
That take down was with very little shares....
Did they up the price target? If so that means a public upgrade is coming..
Arena for their top clients?
Why would anyone take advice from a basher ? You have been bashing yet say it is a buy at 6.10. You missed the boat didn't you? You want to buy but are not willing to pay current price today? You should have bought when they took us down last week. If IMS scripts are over 7,000 and Symphony is over 8,000 it is going to be very hard to push this thing lower. Four more weeks of sales before the TV ads start and we got our first article focusing on the real potential of the drug going forward, something no one has been doing except for the longs... Tide is changing..
The purpose of the TV ads is to build a brand name and brand recognition. To get people to talk to their doctors about Bevliq and in doing that educating the doctors as well as the patients.... It will accelerate the doctor education process......
The earnings estimate of .15 a share was way off and never should have been published. The company clearly stated they were going to amortized their upfront payments. The analysts that published that earnings per share were not paying attention or knowingly put out a false estimates. I tend to believe they moved up the earnings so that Arena would miss and they could get one last chance to buy in before TV ads and Bel Phen results are made public.... The data from the Bel Phen is already getting released from weight loss clinics and the results are blowing away Qsymia and when the companies study is made public Qsymia will officially become the drug of last resort.... Almost 50% responded to Belviq alone, with the use of Phen that number could become over 80% will respond with much better weightloss then Qsymia.... Hope they have better results with their Erection Drug.
Belviq has successfully grown larger then its competition and the entire market for 6 straight weeks, the 6th week was by a very very small margin. We now have the east coast starting to thaw out and get back to some sense of normalcy... We have already passed Qsymia in total weekly sales when you consider they script 2 scripts per patient, but for those that don't know that, understand that, or refuse to acknowledge that fact, we will soon be script at a rate higher then their published rate. So we will have overtaken them in market cap, share price, and real scripts and published scripts..... I am sure we will get a few hit pieces that will try and point out that 60% of those scripts are free and all of the 40% are at a discounted rate and that is OK...... Eisai and Arena are executing and the awareness of Belviq is growing.
In 4 weeks we will start the TV ad campaign, now while that is good news, the truth is that it is really designed to bring awareness of the drugs availability. To get people to ask their doctors about Belviq. We will not see scripts go to the moon the very next week. This is all part of building a brand and brand awareness and that takes time....
So you will get your move up in price in time and I am sure it will move much higher then you expected or anticipated if you hold long enough.
Lots of catalyst coming.
Gold did nothing but drop until the end of 2013 where it hit a double bottom and proceeded to rise just over 10% from just over 1200 an ounce. It hit just over 1340 and has been headed down since. Not sure how you gave up so much money on such a small move.
Try not to high water mark yourself and look at the would of, should of's they will drive you nuts. You made the best decisions you could with the information you had.... Heck, had I known the bears would have taken us down to 4.05 or had any idea they could have successfully taken us that low back on the day we got approval. Had I known the DEA would delay every attempt to gain access to the markets, I would have sold out in the 11-12 dollar range paid my taxes and loaded back up at 4.05 and higher... Because that drop even after taxes paid allowed me to increase size of my position for less money...
But we do the best we can, take profits and losses as we see fit.
Not everyone on here who disagrees with you is Red, they may just be someone who disagrees with you...