I've been a very long time biotech investor, and although I understand the mentality of "day trading" and banking a little profit here and there, the big bucks to be made in this area is to trust your research and understanding of the science, pick carefully, and hold on tight. I watched this go up and then crash for essentially no really good scientific reason and then I backed up the truck as I have with several other biotech along the way. A few I have paired down holdings as they became too big of a percentage in value of a portfolio where they were held, but most have been held to the buy out or to the current level of gains. Learn patience, how to read clinical trials, and have an understanding of the needs of the healthcare community and stop "charting and trading" if you really want to make money here.
Me? I'm a lowly investor who has 2 adult children in their early 20's who both went to elite private universities debt free because mom managed - with $25,000 when they were 5 and 3 to put both through college by investing wisely with enough left over to help one put a down payment on a half million dollar home in CA and finish grad school while he works full time, and the other will be starting grad school shortly worry free that she will complete in 2 years also debt free with all living expenses covered...you do the math (if you can, but I'm not convinced a published author can do math)..and when both reach the age of 30 and their "ed funds" become their money. I remain hopeful each will have enough to buy a new car at the least. Oh, yeah...and that's not my day job.
OK you guys before you hurl insults please go on Clinical trials and put in Chembio..you will see a study recruiting patients at Cal State Long Beach that is recruiting patients and due to finish before the end of this year...as well as a second sponsored by U Carolina at Chapel Hill currently running in Zambia which will also be concluding very soon (Jan 2016). I didn't bother looking at the Brazil stuff since these two give me great confidence that posted positive results will be a springboard.
its ongoing..look at the dates for expected completion. Most companies don't supply any updates until they reach a point to mark..like enrollment closed, or location change. Its not that its not current.
Yes, agreed. There are many cohort groups in this study and it will provide a lot of data. Confirmation of the value of the testing is vital since we all know early intervention is a key to survival and/or cure. These test are both being conducted by academic institutions with an eye on the quality controls important to creating confidence and a community for advancement since early treatment is a key to overall survival.
I am not convinced, based on the convenience and ease of getting work published, that it means anything at all. I am a "reader" for locally published books competing for awards, and have read some pretty dreadful "published" books.
No, in fact some are quite wonderful to read. It may be more constructive, though, and less destructive to be respectful of other people who post because you don't really know to whom you speak, and granted I am not and will never aspire to be a published author although after caring for an aging parent for many years who was bipolar and had parkinson's disease I've been told I should write a book to help others with the same task. And that '58 was not my day job either. I have many shares here at a basis of about $1, and plan to hold as I see great potential. If by chance I am correct, then I and a scholarship fund I support will benefit, and if wrong I will take the hit and move on. I thank all who post insightful comments.
If you look at the option exercise history, for the most part and to a very high percentage, insiders are exercising options and not selling. Insider purchases are only one measure or their faith, exercising options and keeping those shares in this situation gives me confidence they see long term value appreciation. The one person who has sold, may easily be selling for a specific purpose- buying a home, financing college etc.
Sentiment: Strong Buy
Why if your buyout price is at $15? I'm long, I never put in sell or stop loss orders, but if you are posting it behooves you to be consistent.