Shorting the rips has worked about 90% of the time. Until that changes, that's what I'll do. Company can help the sick, which I applaud, but not its investors. Broken stock imo
They don't care what the co. does, they're traders. They'll just as easily go long if it gives the signal. Don't confuse the two groups: Investors vs traders.
Maybe you're confused about trading vs investing. I trade to make profits. That's all. End of story. If this company can save lives, that's awesome. I hope it succeeds greatly.
Yes I have and this isn't about that. Simply about trading and trying to make a profit. Don't confuse the two or you will lose and lose big imo.
Don't forget that when talking about valuation, you have to add the recent purchase of Abeona. The pipeline is now broader and they have raised more cash. Will be interesting to see how the story unfolds from here.
PTBI is only $85M market cap. Look at all the others they list as "comparables" : Here's just a few of the big ones: Avalanche Bio (AAVL) $820.1 M, Bluebird Bio (BLUE) $4.56 B, BioMarin Pharma (BMRN) $19.39 B, Intrexon Corp (XON) $4.74 B, Juno Therapeutics (JUNO) $5.24B, Kite Pharma (KITE) $2.65 B
Thanks but I will be the first to say that it tanked more than I expected. The shares I bought AH's at 2.60 let me both cover and go long. There were 21k shrs at 2.60 shortly after the market closed which was strange since the stock closed at 2.78. One very strange trading day for sure. Looked like panic (capitulation) selling to me.