Major holders have already cashed in their initial investments. From here, they will have a free ride even the stock drops to zero.
This was a premature IPO that small investors got suckered in with no fault of their own. CNBC pumped it and they got their share while small investors would be holding the bag until it hits the bottom. This is terrible. Law suits should be filed against the company and the company that dealt with the IPO.
Sold around 15.50 and moved on. The rule is, if paper loss is 25% and people are not willing to add more into their existing position, they should sell and move on. That is the cardinal rule unless you see insiders buying the shares. I listened to EYES's conference and did not find anything that was exciting. The stock seem to have no floor at all. Tax loss was a good option for me. It is possible that some shrewd short sellers might be playing the game but I got no patience with that.
He suggested people to stay away when they should have bought more. How that makes him a good stock picker? Gild drug is better than Abbies hands down! Did he not know that fact?
How that help you? This will go beyond 100 before any dip. A very strong stock and company!
Agree! This will open the flood gates of lawsuits ESRX would not be able to tackle. It is basically a good drug vs an inferior drug. It is not rocket science who will get the blame.
Express has to back down soon or later. Big pharma will prevail with their money muscle. Patient will choose the best that is available in the market.
You can't force people to take an inferior drug when a better drug is available with little more money. When dust settles, people will realize that this not a big news. It is the patients who have the upper hand here.