Next week, they'll have enough cheap shares to buy out the company. They knew they'd get to raid the kitchen on an Iluvien thumbs down. Looks like they did.
Let's see. 4 Million Shares traded today........2 M. tomorrow.....get it?
Roche needs to compete with REGN's Eylea. Roche "NEEDS" a bioerodble
sustained delivery system that lasts 6 months. Lucentis/Avastin will take over market
share from Eylea.....simple as that. PSDV has the Platform in Tethadur.
It was good to have you around all these years. Take care if you are moving on. I've enjoyed the company. Check back in every once in awhile. As for writing more on this MB; going to take a big break and just watch. Be good.
You can't make sellers understand. All they see is an Iluvien CRL, now they're out and the new owners are in for obvious reasons. There is a sale today. If they didn't do their own DD, it's there own fault.
Mo, You know me. PSDV shares were inexpensive at $5. I've been a long time holder like you. I bought heavily at the low 1's, like you did, and traded up to the 5's, like I'm sure you did. Mo, you know Tethadur is about to come out of the closet. Roche is sucking up shares today on the BIG CHEAP. It's fricken nuts, I've never owned this stock for "ILUVIEN". By the end of this year, we'll know the truth.
You guys don't get it. Retail traders are giving shares away. You should be buying, not selling. I know it's hard to see, but Biologic delivery is what PSDV will be doing going forward. Roche is picking up shares right now, that they won't have to pay handsomely for later.
IB, You've got it right. There is 2.5 years worth of data being held in relative secret. Although, Iluvien is PSDV's late stage product, it is "not" their most advanced technology. The stuff happening right now is pure manipulation by market makers, and they faired fairly well today. We do not know of the FDA decision regarding Iluvien, but we do know that PSDV has the Tethadur platform, that has shown to deliver Roches biologic drugs at least 2 months (this already competes with REGN's Eylea). Today's manipulation was frustrating, but PSDV's future will not be dictated by Iluvien, it's just one simple drug for Chronic DME. Look at the bigger picture and trust that when this FDA decision is behind us, we'll have that drug to sell in the US. If they go thumbs down, buy the livin' hell out of the big dip and hold till the end of the year. I do know that we'll soon announce data regarding Tethadur, and it will be huge. I'm sitting on shares with a very low basis, I suggest that you buy them when they are low, if they go any lower. I'm poised to do the same and hold long and strong. We are a huge target for large Pharma, keep the faith and try not to get too twisted if the FDA is dumb enough to screw this up. Don't panic if we see a dip, we will recover for very "BIG" reasons.
Dude, It was a bear raid, simple. They knocked out stops all the way down in a short trade and made big money. For those that sold, not meaning to, they got slammed. Never, ever put a stop on a micro cap. Had absolutely no bearing on the FDA decision. However, they may have known it wouldn't come until after hours. That way, they could knowingly move the price all day long, which is what they did. For those who held, it makes no difference, tomorrow is a new day.
Mo, What a day. We've been here before, but nothing like this kind of manipulation. Someone knew it would be a late day announcement and manipulated the weak longs out, again.
Right on Mo. I'll give it a couple of days while it settles out from a price point, then pick up cheap shares all over again. Been there, did that. Just have to do it again.
JD, A lot of people put in a stop loss for their stock, that activates a sell order when you don't want loose any more money in a given stock. However, In a micro cap like PSDV, A bear raid is a bunch of sellers that sell immediately. This triggers the stop loss on what seemed like a somewhat stable price immediately before. They make money going down on the short, then they buy back the stock way cheaper. It scares others into selling because they think bad news is pending and the word got out somehow. They didn't mean to sell their shares, but the stop kicked in and sold it for them.
Can you imagine someone going thumbs down on your statement? Shorts are under pressure. At what point do you think they shorted? $3.95?
Accumulate this stock, especially if it's inexpensive. Buy whatever dip is in front of you.