Strongest four up days for the market in years with MPO suffering a 30% plus drubbing with oil breaking it's downtrend line and blasting through $101 and all MPO can do is a quarter off the lows? No follow through from yesterday? Except for my granddaughter who still gets excited with a quarter, I can't. And with big resistance from $4.50 - $4.70 that will take a month of Sundays to break through at 400k per day, just better places to be.
So I am switching to SD for my heavy debt play. Like the change going on there. At least, watch some paint dry over there for awhile. :) GLTLs
I wanna buy cheap and it ain't happnin.
Or I wanna buy high if it's breaking out. I think that they are going to flat top triangle this and so it needs another month or so.
Like watching paint dry till it does something.
People never read. I assume that you were referring to me. And the warning was that we could go lower if you will read again.
Oh and the guy that spiked you up yesterday, was me. I was about half the volume at 10 oclock. So, you are welcome.
Your turn today pal.
That's great, I never bought into something that I didn't think I stole something from somebody else. Still, glad to see the new found excitement. Market up huge for 4 days, I would have thought that this would have recovered better. Simply a lack of institutional support. Oil Bugs are the cheapest SOBs on the planet, so it will take months if that's all we get onboard.
Somebody be a sport and spank this early today to get the juices flowing, huh. Maybe volume will jump if we break $4.50. Maybe.
There are a lot of lurkers looking for cheap shares. When I spanked it this morning, it caused a mini buying panic that drove it up farther than I thought. But selling did come back in or the Captain Clip A. Bucks took what they could get. So, is it a good price? You lower risk if you average in. But HK's blastin up.
S u s h !!! How am I supposed to get more stock if they don't? :)
Logical post. I was reading Congressional testimony yesterday about the whole process from the Chief Science Tech for the FDA. Was amazed by the .... intricacy of the process, but I doubt it is as smooth as he made it sound. Good read though. From Feb 2013. I'll bet they are monitoring everything on this from Japan, which means that an EUA could be issued to stock pile. Like I said, if it breaks up, I will buy more.
I agree with him on the value or I would not have been long in the first place. But the value has always been there. The chart goes by price, not value. And the chart says that the value could increase even more than it was Friday.
Oh, and if you ever wondered why no other pharma would by the gout drug after it was a slam dunk on phase II, maybe it was because they were afraid of the FDA bias that would come with a BCRX product. Course we won't know till they get one through. But I doubt they could get aspirin to past at this point.
"The reason we reached such depths was the FDA's incompetent and/or malicious maneuver on Peramivir. "
That was uncalled for and the reason I suggested an Inter governmental turf war between BARDA and FDA. "I'll show you I'm in control" mentality. Now want another negative? Think with human nature that this won't bleed over to the next BCRX product to come before them? What is the next scheduled product? 4161? BCRX is better off being bought out.
I meant on the EIND. This board has always had a problem with attaching the messanger as opposed to the message.
I suppose a soft basher could be interpreted from your perspective. Anything that has a negative slant here was always considered that. I have always tried to be conservative and the EIND has both positive and negative connotations to it. Another negative, what if Peramivir gets caught up in a inter governmental turf war between BARDA and FDA trying to show each other who's boss? Bet that news would affect the price action. So holders here need to factor that in their risk profile. Or not. But you were told.
Broke for you ...... hmmmmmmm. Oh please, I'm pretty sure I remember you bragging to me last spring about a short you put on at $3.96 and what a great move it was at the time. While I have tempered .... exuberance, I've never shorted here. If I am wrong, I apologize.
The $8.09 break signals a move back to at least $6.5 was the point. And chart damage like that takes time to repair. For charting purposes, let's talk BOTA as BOTA is almost IDENTICAL to BCRX. First off, BOTA has 23k short interest. Nothing! So contrary to people's belief not every share sale or buy is a short / covering. BOTA is leaving (breaking out) of a long term basing action. And I would say merits consideration, especially if it makes a new annual high about .40 cents higher. Then picture BOTA's chart as BCRX a month or so ago leaving $6.50 without last years tanking action in between. Another "potential" $6 to $12 /$13 mover. And sorta in the same field too. What a coincidence, huh?
And they could do it for so much less than one 300M quarterly dividend payout too. That has to have somebody running some numbers. According to the lawsuit in 2004, GSK never sold Relenza in all the 80 regions it has the world carved up into either. At least that was BOTA's claim to why sales dropped off so badly.
But forgetting the buyout, 7% of a stocking order here, 7% over there, in a company with this outstanding can be significant. Put a even a modest 10 / 12 PE to that and you have a gross up tick from these levels. Surprised Map isn't here with his flu fetish. :)
Beautiful long term chart,with the stock leaving a long term basing action. Stock should be in stronger hands. Clears $5.60 and better volume will come in and then you have a momo condition developed. MACD is about to give a buy signal again and this has been tightened up considerably. Going to be big moves fast. Wish I had bought more now, but will wait for the breakout now not to tie up money just in case it builds a flat top triangle. That could add a month. Over $6 and this will be setting off bells with the bio groupies. If there " IS " a buyout plan by anybody, that's when / where it will trigger.
Many of the ol timers here held tens of thousands of shares. They were trading as large as 30k blocks. I held as much as 46k at one time last year. This is an illiquid stock at times where just 10k can drop it .25 cents. So you can't set stops here without losing BIG money. This is why this down turn is as steep as it is. And the assumption that you have to catch the very bottom to make money is incorrect. So the warning was for them. A 5k trader can wait in here.
Knowing how this stock trades, if it doesn't break the short term downtrend Monday, Tuesday could be a gap down.
So how much you in for Diamond Jim?
Sentiment: Strong Sell
I thought BOTA was a one trick pony waiting on Inavair. Now it turns out to be two. Glaxo likes to buy products instead of develop them. So Glaxo could get a second generation product and save 7% on what it's already developing.
This why the 13G and volume spikes lately?
7% of that for a company this size is a nice chaunk of change. I see Canada stockpiled Relenza in 2009, so they might do the same with this. This is recruiting for a phase 3 trial.
Intravenous Influenza Antiviral Medications and CDC Considerations Related to Investigational Use of Intravenous Zanamivir for 2013-2014 Influenza Season
Good for BOTA if we still get the 7%.
Biota's agreement with GSK entitles it to a 7% royalty on GSK sales of Relenza, which last year brought it less than $1 million in revenue.
Last year in that Pharmafile being 2003 when BOTA sued Glaxo for failure to advertise basically. Not a lot of definitive information on this that I can find. I found nothing about a new agreement for the liquid version, but assume the 7% is still in effect?
Made some cash the last two days and I thought it might be time to get back in. But the chart I thought I was seeing in my mind was not the perilous position of reality right now. This is not yet a double bottom cause it hasn't formed. And if you draw a support line starting from Nov 2012, this is perilously close to breaking that to the downside. So the question is, will it?
If you look at the chart to the right, you are forming a flat bottomed triangle that NEEDS desperately to break up or ....................
I know there is a lot of optimism around from new folks, and this seems cheap beyond belief, but if that happens guys, there is no bottom formation here at all. Personally, I would sell here and NOT buy back till this puts in a bottom and does that by breaking $4.45 / $4.50 going that way or wait until a new bottom forms lower.
Now that's just me, but you guys helped me before so ............................ good luck.
Sentiment: Strong Sell
I laughed so hard I had to go to the bathroom. Who would have thought Ol' dtj had that sense of humor. Must be an accountant joke. :)
So I looked at a long term chart and decided to create a new thread.