Waiting for the FDA to agree/support AA with stipulations to use current data from long term trials and ask for continuing data measurement in the form of REMS. Then they can continue to collect data while providing life saving medication to those patients who are dying.
Coming weeks - should start to hear more...
Please "Guarantee" that we won't close above $31 tomorrow.
I need the money.
When I just checked, the last transaction was $6.64/share so the fair value is exactly what you can get for the stock. Since the last trade was $6.64/share, that is the fair value.
If you think fair value is $10/share I'd be happy to get you some shares for that price (or if you wish to bid higher that is fine too).
If you wish to discuss target value based on projected earnings once their drug (based on TILs) is approved, then that is another story. As for fair value, it is exactly what the market will pay.
No reason for the 50% throat cutting on LBIO. I stand by my original analysis that this stock is simply too thinly traded. When people run for the doors the doorway is simply too small for anybody to get out.
The manipulation and corruption is nonstop. As I said before. There is no reason for the crash, and also no reason for any reverse.
But don't you see - they HAVE to short more, or risk letting momentum build in this stock and having it rise back to $50+/share. Far better to short another million shares here and hold the price down than allow all the positive momentum drive up the price to where they will have to cover at 2x today's share price.
As for the SEC, they are completely and totally useless. They arrest Martha Stewart and her 2,000 share trade, while they turn a blind eye to Bernie Madoff and others that are stealing BILLIONS from investors.
Great news, but while the whole market fell substantially, the DOW is down 4% the NASDAQ is down 1%, LBIO is down 50%+.
See the problem?
I don't know. I hope you are right, but this seems to be a systematic sell off across the board.
This Obama-Nation has become an Abomination and the entire world economy is starting to run out of other people's money.
This is bad, really really bad. Not just for SRPT, but the entire market.
There was no reason for the crash, losing 50% of its value and there is no reason for any reversal either. Something is needed to get people to buy into this stock. There is no compelling reason right now. Until they come out with some stellar news (and that may be pending) this stock will continue to languish.
Leave this one to the day traders. There is no buying support at any levels. This stock rose little by little, then got cut in half in a few days on no news. Better to not even touch his one.
The market is rigged to be sure. It is wired in favor the fund managers and professionals on Wall Street. It always has been. You have a backwards perspective, it isn't that they are controlling OUR market (our meaning retail investors), but rather, THEY allowed US into THEIR market. If you shift your perspective, you will have a lot less stress.
Then, we can just hope to ride their manipulation to profits. I rode ICPT & got out -- out of pure dumb luck. We do get lucky sometimes. Good things happen to good people.
Bad things happen to bad people. One guy in particular comes to mind, shorted the hell out of a stock and was effectively betting against a life saving medication. Then he lost it all on his short position and just complains incessantly about how rigged the market is. Duh. Everybody knows the market is crooked. We just have to put in enough diversification and stop losses to deal with it.
Then when we catch good stocks like AEGR, ICPT, and SRPT, it makes life even better.
SRPT is in a very strong position to negotiate with GSK. GSK walked away from propensa and is looking to partner with SRPT. This is doubly good, because it removes GSKs marketing and lobbying resistance from blocking SRPT progress as we have seen in the past.
This will be an amazing year for SRPT.
With 11.97M shares shorted as of 12/31/2013 and only 37.58M shares outstanding, that is 31.8% of the shares shorted already. This damage is already built into the share price and these shorts will have to cover sooner or later. Add to that the fact that good news means very little additional shorting (except HolyWallSt and since those are fictional shares that they shorted in their mind, since they have no money left, it doesn't count).
Short squeeze coming.
SRPT never holds gains? Sure it does. Sometimes for days, sometimes for weeks, sometimes for months. If you mean "forever" well, then that is the nature of the stock market. A year from now it will be at $100+ and holding those gains.
It cracks me up when short-sellers say "The company thinks" or "The company is still making assumptions". They have no idea what the company is doing or thinking or assuming. All of that is projected on the company.
Specific scientists or medical researchers make make assumptions, but a "company" doesn't.
Anyway, score one for the longs today.
So I got in at $25 got out at $50 (and of course it kept going on to $55) and got back in at $19.xx in repeated buys because I thought it was still too low then.
If that makes me a "bagholder" by ihaveashortdikandshortstocks then oh well.
I'm a HAPPY bagholder. LOL.
Sticking to the FDA messages (or should I say mixed messages), it looks like there may be hope for an accelerated approval yet for SRPT. This could be a monster year.