how this this thread go so far off on a tangent.
all i am saying is that it is range bound until the next real news.
seems obvious does it not?
and no I have not been saying the same thing since $6.50. back then a i was calling AM a lab coat.
do not take this the wrong way but perhaps she plays for the other team?
its been known to happen.
that was the worst written piece yet.
started a small position in cytr last week.
I am new to cytr, 3000k shares last week at $4.80. i have been around biotechs for a number of years ( 10,000 shares of cldx - long).
i surf the Boards for sign of intellegent life ( LONG VRTS on the cldx board is very knowledgeable) and it appears to me that you are the go to person on this Board.
thanks for your insights, they help. I will slowly accumlate a 10,000 share position in cytr for a long-term trade.
nice to see the pps settle down.
you have it wrong.
they fired the #$%$.
the new guy tried to play down expections two conf calls back.
those with rose coloured glasses chose to ignore him. I listened at got out at $3.50.
time to move on.
your valuation is way low assuming the $2 - $3 B in sales is right
try $2B x 4 = $8B / 100 million shares ( with future equity raises) = $ 80 PPS
i do not fuss with day trading bios, pick the right one and ride it. this is the right one. secondary is a good thing, they will have the money to maintain 100% ownership. take a three yerar view on this one.
will add more in the future. likley get to a 10k share position.
did the same wirth cldx and it has worked for me so far.
2 conf calls back the ceo tipped off the possible bad news. those with rose coloured glasses chose to ignore it. I dumped at $3.50 after that call.
its the vegas nature of betting on PII results.
no need to overthink this one.
imuc made me $25k over the past couple of years, just trading it.
talk of 64 in Q3 as a possibility was the tip off for me ( the old null hypothesis, disco)
cytr had strong PII resuilts has legs and will lijklety run higher. PIII for sure but should be worth the wait.
on the radar for awhile, pulled the trigger today for a small entry position.
ask one self what the lessons learned are from IMUC. small PI is not worth much. when they can the ceo its not a good sign. when the new ceo shrinks expectations also not a good sign.
but of course nostra with your handle you saw this coming.
good luck too you all on your next trade.
sad to say, my gut was right with this one. two cc past the ceo was post marking this.
cytr will move on to PIII, will likely do a an equity raise, not a bad play post that event. storng PII results.