Hopefully you did not buy right at the open. But forward PE at 14 looks appealing.
LOL at myself. I knew that in AH AERI hit $10 on Thursday, but I just didn't think it would drop that far to look for support. damn, oh well.
Thanks , "even a blind squirrel finds an acorn once in a while".
There was a lot of downward pressure once AERI got to 15. Analysts don't seem as negative a the day traders here. But all that matters in PPS, not opinion. We'll see what happens from here. I expect a gradual trend upward, not a huge spike though. Patience will be rewarded.
AH action on Thursday had AERI treading water around the 10.6 level before moving higher. There were a lot of shares traded around 10.6 - 10.7 on Thursday , so it would not surprise me to see 10.6 as support. JMHO based on trading action I watched Thursday night. Bought at $10, sold at $14 Friday. I am in again now below 10.9.
When I read the news, I thought I could get a short in right after the halt around $30. When it gap opened below $10 I was stunned and went long instead. What a drop in AH. Low volume and low float contributed to the over done plunge.
PE and Forward PE (15 & 13) are good. The earning miss is slight. The low float+miss+resignation=exaggerated AH move.
AH is a great entry point. Nothing scary here.
AERI does have other products (see below) but this was the only in Phase lll.
Roclatan, a once-daily eye drop to reduce IOP that has completed Phase IIb clinical trial in patients with open-angle glaucoma and ocular hypertension. The company also provides AR-13533, a second-generation ROCK/NET inhibitor that offers additional IOP-lowering effect in patients with glaucoma is in preclinical studies
Looks like when the news got out, someone sold their shares at the market and has burned everyone.
With 19M shares outstanding, it doesn't take much to move. But wow what a move. The AH volume is only about 400k more than day volume. Sunk on bad news and low volume.
Wow, talk about an ambulance chaser. ! Blueberry, this is old news. The fact they remedied the situation and were not delisted speaks volumes.
Sentiment: Strong Buy
I like the movement of the stock. Nice steady upward movement supporting volume. No huge spikes.
Looking at the chart, pullback at .82 was predictable. However, no resistance until mid .90s after .82 is broken thru. And then after that we are well over $1.
Geeze everyone chill. That was actually a pretty funny post after LL. Don't think he is short at all, just trying to be clever.