this will be down today -- why because yesterday, all day long, abandon gogs and still said it would and we all know that means there is a 100% chance it will be down. just know one thing -- approval in 12 days max but it could happen any day.
Do you make this up as you go along? You and abandon are so smart when the market is going down and all bio's are down. Didn't hear much from either of you when it was going from 10 to 11.50. And i'll be when the approval comes out both of you will have closed out your short and went long a minute before hand.
you are pretty dogmatic when the market is going down and any idiot can predict a stock price decline. i notice you dried up when it was going from 10 to 11.50 last week. a padufa run up isn't that important. this will be 20+ with or without a runup upon approval. sometime in the next three weeks. keep in mind that it doen's have to come out the end of july. it could happen any day since there was no safety issues with this.
As well as yesterday.the shorts need to stop implying that this is somehow acrx only. This will be 20+ in the next 3 weeks.
i just hope the rest of the bio is down when it happens. There are some juicy prices developing on some mighty fine bio's
bii is down almost 3 percent. all my bios are down multiple percentage points eg celdx 6+%
as I said last week the hedgies go on vacation. I said Monday might be down -onday when the pro's come back -- and it is down. volume is already double and the price has recovered. I don't kjnow who is short other than abandon but you all are nuts.
with a 24% short ratio at the last reading, there is always a chance of a bear raid between now and the july 25-28 padufa date. but with just 3 weeks left a selloff shouldn't happen. my suggestion however is that you should sell, and even better, go short. with my opinion of a 90-95% confidence interval of approval and a post padufa date price of what I believe is 20 to 25 bucks I think all of you naysayers should not only short but short heavily. put you investment account where your mouth is - I have.
acrx should see 20 to 25 on approval as the millions of shares short cover, but what is it worth going forward.
us sales are projected to be 500 million. gross profit for most bios is about 50% and the remainder of the expenses top at about 25% of gross. after tax should be about 125 to 150 millions.
using 125 million and 46 million shares = 2.72 bucks per share. use any pe you want 10 gives you
27.40, 15 pe gives you 40.80 use whatever pe you want and acrx is seriously undervalued.
the above does not include any other revenues or other approvals like Europe.
this is the best investment at this time for the july - august time frame
you know I always laugh at anyone who uses or applies ta to a binary bio. ta is useless. if approved this will be up 100 to 125% and down 70%. the fact is this has about a 90 to 95% confidence int of approval. so you keep using your ta to impress the board but it is useless in this case. you can play for the next 3 weeks as will all the short hedgies and their ib support, but I suggest you close your short and go long -- nahhhh stay short short some more and then short even more -- love the rocket fuel.
in the bio world there is no such thing as a guaranteed approval. however, this is close. I believe this is 22-25 on approval. given the uncertainty in bio I usually temper my bet but I have a more than usual bet on acrx. other than the out lier of an extension the shorts are nuts.
the other that I think is close is rmti.
I am heavy in both and I will roll the acrx into rmti after the approval.
There is no squeeze. What is happening is what happens every big weekend during the summer. The hedgie pro's take off. The short machine is turned off. Then the price climbs as if humans are again doing the trading. You can tell by the low volume and no major dips.
we won't know if it is real until monday when they are back. There will be the usual bear raid between monday and two weeks monday so the shorts can either cover or buy cheaper calls. When the announcement is made and i believe it will be positive this will go over 20 bucks.
until then enjoy the non typical bio pre approval movements.