Yes..and I wish I would have sold ACAD at $50 and retired comfortably. Hindsight is wonderful. Are you aware of any mid-cap developing bios that have fared any better? AERI's chart is amost exactly the same as ITCI.
Well...its trading about 23% above post phase 3 and it's up 68% on the 1 year chart. Most of the bios have been crushed on the 1 yr chart. Do you think they will not be able to replicate the first phase 3 results in their confirmatory phase 3 trial? Bakers also significantly increased their position post readout if I recall.
All i know is this: If ACAD is real, gets approved, and has good ADP readout...then it is significantly under-priced. If not...we are screwed. ACAD has been moving in tandem with ITCI the past few days and these 2 stocks have been under-performing all but a few of the 54 bios I track. Today felt like a bottom but...again.
exactly what are you seeing that indicates a bottom? The only indication I have is the fact that this market has finally rattled my thesis on valuations. Future earnings potential does not mean much to this market.. I'm about ready to throw in the towel...and that is the only indication I have that a bottom may be near
Yeah this is horrendous...getting hard to stomache...eroding my resolve. I think some of the oils hit bottom a few days ago...like WLL at 4.01.
I don't think ITCI Wil move to the upside until 2nd phase 3 readout mid 2016. I think it will bounce between $37-47 until then.
At some price it will be counter-productive for OPEC. I'm hoping $25 is the bottom and stability will settle in.