Reminds me of when I tried to trade around a little bit with RMTI under $4 and ACRX from that level. Had I simply trusted the fundamentals and bought and held, I'd have made a lot more $$. Not trying that here! Holding tight ... and thanks to a lot of the old time longs here for "keepin' it real"!!
Well, we're seeing more digestion at the $7-ish level. Once "whomever" gets their fill, we move!! Big fish eating little fish, it appears!
Your thoughts are pretty similar to mine. As for my investment mirroring that of, say the BB, I agree that they can afford to lose a lot more than me. I love biotechs, but they can be a killer, too! You just have to pick more winners than losers, as there are bound to be some of those!
I'm relatively "late to the IDRA party" ... didn't buy on the initial run up, but did buy around $4 on the secondary. Have been watching it for quite awhile!
Yes, SIGA ... ugh! Funny how Drod never believed me when I said you could take that DEAD money and find other ways to recoup your losses. Sad individual, if indeed, he is "for real".
Patch, Kitty and others ...
If CHTP can get AA, what do you think the odds are that SRPT can, too? They sure have gotten the run around for a very serious and life-threatening disease. Their trial size is very small, but there have been great results and no real adverse side effects. I feel bad for the DMD families. Must be terrible to see your kids struggle, wither and die when you know there is help on the horizon.
People can easily choose their own paths and make their own decisions, as they should. Nobody has to believe what is posted here. Although, it is nice when those exchanges are done with some common civility and respect. As for "defending" people, that's not my job, whereas yours seems to be the MB censor or policeman, more often than not, on the attack! Are you the "watcher-in-chief", or do you see yourself as some protectorate? Delusions of grandeur ... party of one!
As for "speaking like someone with money", I guess you have never read "The Millionaire Next Door"? Just how DO people with money speak? Now, THAT is funny!
Since I brought it up ... here is a nice little summary from a reputable poster there:
Bullish, I get your fear as it is the same with any biotech that depends on results from their pipeline. Although we are not privy to the results behind the curtain, there are a lot of dots to connect here that give me a much greater degree of confidence then with other companies I have owned in the past. They are:
1. Hires in January with Genzyme in their resume. Mentioned by many, these are powerful players who took the plunge after being provided the details of the clinical work before signing on. No chance Lou Brenner is going to sign on unless he is sold on the science. He is in the peak of his career and this is a long term decision we wants to get right since he could write his own ticket with his iron clad resume.
2. All three groups - Board of Directors, Management Team and Clinical Board are 5-Star talent. This is a baseline requirement of mine before considering an investment in an equity. There are a number on the Board starting with the Chairman who could take over as CEO without the company missing a beat. I have never been so impressed with these three groups and they all work for us!
3. Strong secondary that was inhaled by funds ( mainly the Baker Brothers with warrants ) which is a strong signal. Follow the smart money.
4. Preliminary clinical results are very promising and if you read between the lines at the last conference you get the feeling our CEO is giddy about our overall future.
I share your concerns as I have a big stake in this company, but I sleep well at night knowing that others have made bigger bets personally and financially.
Agreed. Have you looked at IDRA? Nice pipeline, expecting positive trial results soon and huge participation by Baker Brothers. Pulled back from recent highs ... do your own DD, but worth a look! Might be early there, too, even though it's had a huge move in the past few months!
I really hate to say this because the real volume hasn't been there, but this is acting a lot like TSRX did!? Shhhhhhh ...
Baloney ... try buying anything of size at the ask, and most days the ask jumps immediately! I bought some in the high 15s/ lo 16s and could never get more than a few hundred at a time before it moved up!
The world truly is upside down! Unreal ... Who do you have to pay to get things done in D.C.?
Labor of love, kirk! Agree ... Yahoo is hardly user friendly!