Made a week ago.??.......Guess he is a smarter man than you then. Had he done this a buy a week ago, odds are great that INO would have kept falling with the whole bio sector beatdown anyway. What confidence would that have generated if it kept going down anyway despite an insider buy?
Have you looked past this stock at all? All the bios have been pummeled for the past week.
IMO, he timed the buy right. Did it when the lows were getting near rock bottom of strong support and badly oversold, and when many investors were panicking and getting upset. And besides, he made himself a nice buy at a low price. He is an investor too....we all like to buy low, then sell high. Why should he be any different?
Huh? Only ones getting hurt are the ones selling for loss ( weak hands, contrary to what you claim) or those who bought on margin and risk margin call. If one believes in company, you sit tight and wait for it to rebound. Or you take advantage of a gift of a buying opportunity.
I am right there with you Goutah on your sentiments. Agree that going below 2 is an overreaction, but some of that is following the overall market in general and especially the beatdown on the whole biotech sector. So yes, this is certainly a buy at this level, but for me, my goals have changed. I sold the majority of my long held shares between 2.42- 2.90. PRAN has become more of a trading stock for me than the long term hold it once was. That may change in the future once more communication occurs from company and plans for current pipeline drugs are better known. But for now, I'll buy back at depressed lows like this and sell when it reaches what I consider fair value. Then keep repeating the process if possible in order to make back some of the money lost from the huge shakeout.
That is an interesting take I have not heard before u2lemons.....the forced to cover. Would that be all sorts or just naked shorts?
My ignore list grew a lot in the past few days. The bashers have shown up the past few days like a bunch of roaches coming out in the night.
I'd like to think so, but seems to me we settle around 2.30 for today, then another leg down tomorrow to the $2 range. After 3 down days and the must act on margin calls within 3 days rule on those caught holding that bag, then maybe we see the bottom of this and move up from there.
I will agree the panic selling is overdone, but stop with the "Phase 2 results will be out soon" that you are posting over and over again. You are either a deceptive pumper or too stupid to research more thoroughly. The study was completed and announced In Feb.
Are you a deceptive pumper on purpose or just only read what you want to read. You were already told the Phase 2 study for HD was already completed and announced in Feb.
You might be better served to have been around this board longer than just today. Those results were released already.
You said it right there....the market never makes sense. Sense would probably say it goes down on earnings since it did last time and there are no profits to report. But there is too much positive potential going on with the company right now and if a bear raid attempts to bring it down toward the recent secondary offering price, it will be unsuccessful because there will be too many buyers ready to pounce. Like most longs, I would welcome the opportunity to add to my shares. But my bet is the "expected" drop never happens. Maybe a token one, but nothing of significance.
Sentiment: Strong Buy
Well, there are those that are perceived and accused of being judgmental, then there are those judgmental people that accuse. I have no side in this apparent spat, but I will say your analogies are confusing.
Sentiment: Strong Buy
Agree on skepticism with escrows with what we currently know anyway. But throughout this 5 year ordeal, retail has been kept in the dark, so who knows.....those escrow shares aren't going anywhere, so they are simply a surprise bonus if they end up in the money. Right now WMIH has made up for all the pains we suffered thru and if escrow shares never pan out, I am way in the green anyway with the converted WMIH shares.
Not yet for me, and last year they came after I was finished filing, so I had to deal with 3 amended returns since I also have 2 custodial accounts. I expect they will be slow to arrive again this year.
Stick to what you know, because your examples are inaccurate. Lipitor doesn't "take away bad stuff". Not going to get all technical on you, so let's just say It inhibits a reductase that basically results in limiting cholesterol biosynthesis. As for Acetaminophen, more is not better, and wrong on toxicity issue. It is indeed toxic to liver when dose exceeds 4000mg ( 8 --- 500mg tablets) in 24 hours, and that limit is being recommended to be even lower now (3200mg/ 24 hrs).
Wow, the coordination in these efforts to short or acquire shares of a stock never cease to amaze me. Makes me that much more determined to hold tight.
I feel your pain. I bought 1000 #$%$ $5.40 in August, watched it climb to $7 with a nice gain of $1600, then instantly drop to $2. Decided then and there it was going to be dead money for awhile and even though I hate selling for a loss, I did at the small bounce up to $2.10, bought INO and never looked back until today. Have done very nicely with INO....certainly much better than if I had sat on my AMRN shares. Only reason I came back to look today is I received a mailing from my state pharmaceutical organization yesterday (I am an RPh) specifically mentioning Vascepa and the increased coverages it is getting with various HMO's. Made me wonder if things were improving with the company and share price. Doesn't look like it yet, but maybe it is around the corner for the longs that have held tight. I will probably monitor more closely now to see if it becomes worthwhile to re-establish a position.
These sort of posts make me laugh. The OP risks nothing making it because if he is wrong, you will never see or hear from him again to rub his face in it....that specifically created ID will be blacked out never to be used again. But if by some very small chance he is right, you can bet the house that he will be here to rub our faces in it over and over again.
Uh yeah, we are still laughing because you are still underwater on your short. Don't bother boasting when you're losing.
Sentiment: Strong Buy