Fishing trip Sounds like a blast. I wanted to let you know that with the success in RCPT, Fold, HRTX. I decided to retire for the summer. I won't be posting for quite awhile. Good luck to all nice people.
Enjoy summer all
So if you recall I sold off PTX at one point and bought SUPN which created some debate on the PTX board. They were both about 8-9 bucks then. I knew trokendi xr was selling gangbusters but there was this patent issue (I think actavis or a big was challenging) that kept keeping the stock from rising. I gave up and sold off and moved on, so I ended up taking a small loss (unfortunately moving some back to PTX). I noticed SUPN has been breaking out recently but I have been in different stocks. Well the debate so far about the which is better PTX or SUPN seems to be onesided at least for now. I tend to invest/trade off an idea and if it doesn't bear fruit or show signs within a month or so I move ,especially if the market is booming elsewhere.Some eventually turn into long term holds, like RCPT, CEMP, FOLD. In this case I could have used some of your patience. This is similar to my current position in PMC I have a good amount of shares and I really feel confident in the long term however with PMC there are these idiot insiders that have been selling (capping the stock from rising). So do I sell now taking small gain or hold long and maybe miss a move in a different stock?? Ahh this is a beautiful game. SUPN could go higher as sales are great and growing. Personally I would try to get cheaper but then again I did the wrong move before. Good luck
I think the deal is controlled at OPK price right around 16 which works out to 44 and change. Its good risk/reward here as 10% higher with little downside.
Lower it goes, the more attractive it becomes. Management may want to sell if they think they can't do any better. I blew it today on BRLI bought some at 44, just sold at loss. I did trade ALDR with success. Garbage day as they always bring market down before key number, then spike with good report.
So when I bought a ton of OCR and it got bought out I set out to rotate a percentage into some general healthcare stocks. PMC, PDCO, DPLO etc. One I was watching but never added was BRIL. I watched the way the stock moved for the past month and never saw any instance of accumulation of shares. So for all who believe the news gets leaked, It was definitely not in this case. If there would have been some abnormal buying I would have shares right now and be happier. I did all the work on this company but never was convinced because I depended on stock movement rather than the potential of the company.
Yeah but doesn't mean you cant come back. I trade it now and then. It doesn't seem to hold gains intraday but long term chugs along.
Are you implying somewhat nefarious motivations in the world of biotech? Shocking....Never.... We prosper on recognition of past events/patterns.
I am most curious to see if they are having any issues with insurance companies paying for treximet and if it contributed to any decrease in sale. They raise price and maybe caught the eye of some plans doing review. The thing that irked me most was the first quarter with treximet it was high on sales and the CEO said not much was due to restocking, but then this past quarter it was so much less. I still think at lower sales treximet was a good buy but the market doesn't like decreasing sales. My guess is sales even out in between the 2 quarters.
My history here is I doubled my money twice and then bought a fair amount 7's, 8's, 9's and even at peak as I really liked the zohydro buy. Unfortunately with its drop II sold off the majority of the newer stake at a good loss. I still hold a small amount. Someone clearly believes Treximet is going to spiral downward. I am not so sure and put money elsewhere for now. I hold RCPT, FOLD, PMC, PDCO, CEMP DPLO, PTX in order of size and a chunk of ALTR for a buyout. Good luck