RXDX under accumulation.
Having cash runway into 2018 buys lots of time for pipeline development. You can never be sure what the capital markets will look like in 6 months. Management has done a fantastic job of building the cash position. The pipeline looks awesome and they execute... I firmly think mid teens short term.
Cash runway now into 2018 with multiple clinical read outs over that time period. I really like the position management has the company in.
We'll see how the street reacts to the burn rate vs. pipeline progress... The cash position is outstanding and provides insulation to keep the pipeline moving regardless of short term market fluctuations... Management is doing a good job, but I'd like to see the burn rate come down a bit but otherwise I'm very happy.
Oh, I'd agree with that.... The are many holders her in the upper teens... But I suspect this to turn soon. I have a hard time believing this stays down too long. I wonder if this is mainly a result of the lockup expiring back in March.
Regardless, it will flesh out soon enough. This company is in tremendous shape financially and in the pipeline and sooner or later some buzz will happen.
Hard day for sure, but the reality is the company is now loaded with cash and that should provide a floor soon. We need to see the numbers but it's looking to me like north of $170 million in cash and $30 million in debt and very exciting drugs. It will turn north soon. I still think mid teens in the short run.
It's a huge buy as it shows incredible belief... A position like his is like Chinese handcuffs. YOu can get in easy but no real way to unwind it... He now holds 800k plus shares after this buy of 200k plus...
I'd say he has conviction in the future... LOL!!!
My my my its a beautiful world, I like swimming in the sea. May Bud have a wonderful vacation.
Traded out of VVUS after 30% gain, in RXDX, should close gap with LOXO, APRI is dead.
Ribeye on the grill, medium rare with pan fried Brussel Sprouts, in bacon grease and chopped onions salt and pepper.
Happy now Super? Trade ideas, cooking instructions, and well wishes. But to be sure nobody pumping for newbies to fall into Seth's trap is being nice.
Great couple of weeks here, but too much profit not to ring the register... Thanks for your money KTeam.