It's acting like it's top heavy now. Need to clear to 7.50 resistance with conviction (high volume).
If the management have been forthright about the dilution then it would have been ok. The problem is, they were painting the picture that everything is fine and no need for dilution and then BOOM! Btw, do you mind lending me a sitz bath? It really hurts for me to sit lately and I can't afford to buy one now.
You're obviously not keeping up with my posts. I already covered at 6.40 yesterday and went long again.
But you also have to take into account the incidence rate of the disease. Cystic Fibrosis is far more common than Fabry's. I have been in practice for a while and have yet to see a patient with that condition.
CEO is touting that Fabry's market opportunity is 1 B. If they capture 50% of market, that's about where we are right now. Other drugs in the pipeline are still at therr infancy so no added value there.
Did you make any money today genius? Just made 600 bucks on my short trades from yesterday. In the meantime, you made nothing holding on your long position.
You just got diluted BIG TIME genius. Once the hype fades, this will drift down again. Don't count your chicken yet.
once the price of the secondary is announced I'm going to cover. FWIW, I sold the $7 Dec PUT for .85.