They've worked together for years ... transition should be seamless. But, I'd venture to guess there will be a "buying opportunity", thanks to our naked friends! In the long term, it's just noise! Dr. Mills will be involved as strategic counsel.
Was thinking the very same thing. They're under $300 M/C ... looks like the buyers stepped in. I grabbed a small chunk under $11 just for principle's sake! lol
Been a long time since we were north of $10 ... patience paid off ... oh, and those cheap shares under $7 are nice, too!
Congrats, guys ...
I don't trust SA further than I can throw them. The bloggers always have an agenda. Today's sweetheart is tomorrow's goat! But, daytraders love them!
I prefer to look at the glass half-full, resp ... it also moves like a cat with its tail on fire because of the small float, also. Patience will reward us and TUMS will sustain us! ;-)
You bounce around like a pinball ... buy-sell, bad news-good news, the sky is falling-the sky's the limit!
Sheesh ...take your meds!!
blueboy...it appears you need to be RIGHT more than accurate. The "investor" who dropped 300K at the market on the open (DUH) would have been a lot "wealthier" if he had let the market take his shares instead of flushing them. I guarantee you THAT was NOT the intention. But ... you're entertaining! You, my friend, are spinning your wheels here!
If it was profit taking, the seller would have let the market absorb his shares. This was intended to create FUD, take out stops. Happens routinely ...
What'd they do, send in the second string here? The old "something smells fishy" line is so .... yesterday!
Either send them to Ignoristan or get a chuckle out of their attempts ... it's all good. We're all just along for the ride, anyway.
Games are afoot ... NKTR was sold off the first day of the news and has since climbed significantly. I see the "anal"ysts downgraded DRTX today on valuation! You can't make this stuff up!
Then that is why we ran up last week ... some knew it was "in hand" and bought or covered. Must be nice to have "friends on Wall St."!
Love the naysayers who only recently made their appearance(s) here. Biotechs are all about timing, catalysts and the "story". The takedown to $6.50 was colossal and orchestrated, imo. Have to laugh, even Scottrade's "Market Edge" has raised their opinion from Avoid to Neutral based on improving pps. Really? So, "avoid" it at $7, and now that it's over $9, it's a neutral? Sheesh, you can't make this stuff up! No wonder most people are late to the party!
Have a good weekend!
DRTX and NKTR have both been moving nicely since NDA acceptance. Initial spike, profit taking and then accumulation ... onward and upward!
$10 is asking for a lot today. Already we are seeing some profit taking.
I remember when we thought $10 was a DIP! lol
The spike may have been nervous short covering, or the shorts placed the line in the sand at $9.80 and tried to induce some profit taking. Pretty transparent?
Off to get the Christmas tree ... onto the next holiday!
Or, the author timed his article for release just ahead of NDA nod so he would look credible. EVERYBODY who follows this knows NDA is just around the corner!