I was late to the party. Bought yesterday for 1.06 and sold today for 1.46. I opted to increase my position IN SYN last week instead of gambling on AVXL. Oh well
Bought yesterday for 1.06. Sold today for 1.46. I think at this point it's a wild penny stock. Fun to trade. May turn out like PRAN...The AVXL message board is frothing with irrational exuberance. But who knows...maybe this that once in a lifetime stock.
If I recall, PRAN had a failed phase 2...so in that regard it is different than AVXL. I have a small stake in AVXL but I'm skeptical of an OTC with 6 million in cash with a cure for Alzheimers. It's been a very interesting stock to hold these past few days!
What was the cause of the run up in pps from about $2.80-$4,32. I know this was after the july 9 form 8-K and have assumed it was because of data from four of 12 expected participants in the first SYN-004 Phase 2a. Is this a correct assumption? I recently added to a position i had originally initiated back in Feb. at $1.88.
the fact that ACAD is trading (and holding) well above the buyout rumor spike back in march is a very good sign.
you mean a stock that is up 125% in 1 year is 7% off its all time int. day high? You have a poor grasp.
Sentiment: Strong Buy
You're saying that SYN-004 phase 2 results have a 98% chance of failure? Well,
the market didn't agree with you when it SYN filed the 8-K. The PPS went up 50%.
After they filed the 8-k on july 9th the pps jumped about 50%. They did the share offering for $3. Considering that a lofty $3 offering was filled with overallotment speaks highly of SYN's confidence as well as investors confidence. SYN has not traded below the offering price for about 2 weeks now. At this level I see a 12% downside risk with a 28% upside potential...unless, of course, SYN-004 p2 results are bad. I think this is possible but unlikely.
SYN also has multiple catalysts which reduces the risk.
I've been watching AVXL for awhile and haven't jumped in. I Read the SARA article... I'm a bit leary of a penny stock with only 6m in cash. Also remembering the fate PRAN. The AVXL message board us not the place to ask questions. I will probably initiate a position next week.