You are kidding right? Did you REALLY think that wall street didn't think approval was in the bag? OMG. Get with the program.. and for ALL those people who "excited" about refractory CLL and Mantle cell... This is ALL KNOWN to physicians who have been prescribing it OFF label for the past several months!!!! The key for ibrutinib is approval for Follicular/DLBCL and Myeloma.. The results are not as robust for MM thus far.
What they need is proper management.. They suck. They have done a horrible job of marketing themselves. If it weren't for ibrutinib being such a great drug, these guys would have lost 75% of stock value. There is no employee satisfaction either which concerns me about loss of their talent. Their board of directors needs to start asking questions... And for Pete's sake, why can't they announce a date for their Quarterly income. I tried calling but they won't answer their phones at IR.
Stop talking nonsense please. People on Ibrutinib DO relapse and they will be candidates for Idelalisib. Sure it has more side effects but it will be successful as well. Ibrutinib will obviously be used first line. ABT-199 is an INCREDIBLY powerful drug. We are learning on how to administer it (reduced dose, after initial chemo, TLS prophylaxis prior etc...)... But that's a formidable competitor that has sometime to go before it is on the market.
Tha's because you are not in the field and did not know the side effects of the drug. So an average Joe doesn't know but the rest of the oncology community and henece big investors did. Idelalisib is a good runner up to Ibrutinib but as it currently stands not even close to ibru. The bump on 2x vol, I don't think was because of idelalisib.
I actually think this announcement is the perfect example of continuing shadiness of the management. Hession is NO different that any other previous manager. They certainly need to hold on to their cash since they are burning through it like never before. This is just smoke and mirrors for a desperate compnay to keep its stock price up in the anticipation of bad news coming out. They were hoping for bigger bounce with short-covering and unfortunately for them, they didn't get it.
Ok here it goes.. Initially I thought it was a combination of PBYI meteoric rise and GILD's drug getting black box warning but the same % rise was not seen in other biotechs so I don't think it was PBYI. GILD's blackbox warning was known to everyone who knows the field and that is not a surprise.
I think the fact volume and increase in price suggests there maybe a buyout in the works. Company hasn't announced the date of earnings either which is kind of strange. SO.... I am hopeful.
Having said that I have been wrong 100% in my trading with PCYC and I went long on Aug 115 calls today, So it si extremely likely that a) there is no buyout or b) the buyout wil take place a day after my calls go worthless...
Idiot... This is a pivatelt owned retailer for Verizon products.. It has nothing to do with verizon. You deserve to lose money in the stock market if you are so clueless.
Go back to Hession's first CC... Read how many times he said " I looked at the stuff".. There is tons there.. "I brought my own people and why do I know there is tons there because they are MY people".. They say it is the biggest find of oil in ALL OF ASIA in the last 20 years... "I mean, yeah.. I brought my people".
How can you doubt statements like this? Moving drilling around the jungle and desperately trying to hit something, anything... It's getting desperate? Cash burning? I wish I were short in the 60's. Hoping for a spike before I get in again (with options).
Any slower, it will be 70 years before they announce anything and by then, everything will likely be powered by solar and IOC will still be trying to get accurate estimates!!! :)
Wait a minute... I know I have been off of this pump MB for a while.. OMG. Weren't you one of the jackbutts who was touting this stock every 10 seconds? Oh My... How the winds (farts) of change turn in a matter of weeks.