Because we now have to wait another 9 months for NDA, this will probably drift back to where it was 9 months prior to the last expected NDA...which is $21-$22 range. I'm holding most my shares with tempered optimism. I let a few shares go this morning and will use it to increae my postion in CYTR. The ugly sell-off today is not specific to ACAD if that any consolation.
The chart looks very good. The Bakers have a fairly big stake. I dont like chasing but I'm thinking of initiating 1500 shares tomorrow or thursday. Still holding all my ACAD. Wondering if its too late to jump in on CPRX right now and maybe wait for a pullback.
ive been in ACAD since $14. It will be fine. Im not much of a daytrader. I will be increasing my position in THLD this week.
Im feeling the same way. I have a considerable % of my net worth in ACAD. Full of doubt. Now it feels more like gambling. If they have had so much difficulty executing on the NDA they could have difficutlies operating as a commmercial company.
i actually exercised 13 $10 2016 contracts 2 days ago...I havent sold any shares either
are you still holding shares?
So you think this is all a scam created by the Baker Brothers? If thatt turns out to be the case i'm giving up on investing.
Yes... and didn't Uli say at one point that all all they had to do to fiel the NDA wass cross the t's and dot the i's? I have become highly suspicous of the motives behind posting all the sales rep jobs on their website. Unless they were actually tringint to fill these positions it feels like a scam
yes you are right. One difference between the2014 bio sell off and now is that i am not selling into ugliness. I learned my lesson. I sold on april 15, saw the trend reversing, and bought back in...significantly reducing my share holdings. This recent drama has caused me to question their timeline on ADP, % of of PDP patients, etc. I am reassured by the Baker Brothers stake in ACAD while at the same time wondering why they havent helped push through the NDA.
I have been wondering about all the sales rep jobs they posted on their website. Did they ever make any attempt at actually filling any of these positions? did they conduct any interviews? And if not... why did they post them?
Uli also made a comment on the last earnings conference call to the effect that they were "attempting" to fill enrolment for the ADP study.
If manufacturing pills is the only issue it can surely be resolved.
I origianlly intitiated a position in ACAD in May of 2013 based on my analysis of the chart and a few articles I had read. My original thesis was that it had a good chance of hitting the low $20's. I bought at $14. I didnt even know who the Baker Brothers were at that time. This trade became a long term investment. After waiting patiently for the NDA to be filed by the end of 2014 I'm still here...holding 5,904 shares as well as deep in the money 2016 and 2017 calls. My optimism has been tempered.
I held through the recent 17% pop and through the big drop as well.