Often it's a major holder or insider selling his shares to a new client for a pre-set price, after hours. He wants or needs to sell some, and a new fund wants in, but doesn't want to buy at-the-market. So the huge transfer goes through without any change in share price. We might find out next week, when insider transactions have to be reported. Maybe it was BB selling off some shares, in excess of 5%, or Pillar again. Not a negative at all. Someone wants out, someone wants in, and the MM's arranged it, and dropped the share price to match the deal price.
I didn't buy a lot, but they received approval recently for many more products, and marked increase in institutional ownership last quarter and BB's large position makes me think that it's pretty safe at this price now, despite the bad earnings last quarter.
It has two potentially big products (stem cell tx and depression drug). Large short position. Risky with stem cell trial results soon for ALS, and depression drug could be worth billions eventually. Possibly a ticking time bomb.
Hey Amano... it's not clear to me whether you think we increase 50-75% from here to mid-May, or whether you think the price will surge 50% after mid-May. If the latter is true, what pps do you think we'll be at prior to the 50-75% surge?
8400, 9200 could have broad massive potential like PCYC's drug Imbruvica. Maybe bigger if autimmune indications like lupus...
GSO drugs will likely surpass ISIS'
2055 too might be massive in cancer.
So IDRA has the potential to be a PCYC + ISIS....
..now that Yellin and share offering is out of the way. I think they didn't want to announce until these 2 events were behind us. I expect an explosive March and April.
Yep. IBB is going to run to 400 soon. Bubble year. Almost any promising small biotech will do well. IDRA will be near the top of the bunch.
I too doubt 85% institutional ownership, but don't the Baker Bros now own more than 5%? The 5% rule appears to be not in place any more.
That was my pick in Jackie's contest, to find a gold mine in biotech penny stock land. It was $0.97 when I picked it, and it's already nearly tripled. Will probably be a 5-bagger by next week. Too bad NEITHER of us bought any!!