sorry... I was focused on ACAD, GLYC & LNG today. didn't play here...
let's see how things shape up at the close... for tomorrow is OPTIONS FRIDAY!!!
IBB is down in p/m as well... they'll drive everything down today and lift everything to their 'magical price' tomorrow. at least that's how I see it going at this point...
I'm an ACAD bull but this can't break $29 without the ETF's as nosebleed levels... much seems baked in. My PT for the NDA filing is $30... from there it's all up in the air. Some here will hate this but that's how I see the #'s. Read the Sucking Alpo article from Jason Napodano titled "Acadia Remains On Track With Pimavanserin Program". For the most part I agree (still) with his assessment. With a good bit of news and the daytraders hopping in to facilitate a shot squeeze... $33. For longs in cheap there's less concern, for those looking for a trade you must focus on the ETF's as this travels in line closely... focus on FBIOX and IBB.
I think we know each other from the SNTA m/b.... fwiw.
tough call here... if this dips hard again tomorrow I feel it will bump up on Friday. that said... this may get pushed down tomorrow and more again on Friday. the trend this year though has been to push down before options exp. and lift into options epx. will see which way this goes soon... like 13 hours soon.
if I got a nickel for every time someone posted something about a buyout here...
focus first on the drug and what the company can do with it... suitors come after the facts.
getting close to the holidays and EOY... hard to say. but.. if interest rates go up at all and oil drops... there might be one more big move. I'm staying as agile and flexible as possible.