Allogene Therapeutics, Inc. (ALLO)

Pulling up the chart on the daily we can see the old highs in December 21 are acting as strong support. We are punching between the $16 and change support and research resistance in the $17 area. Once we crack that, next is $20. Then we close the gap above. Once we do that I expect the tailwinds to be significant and a run up to the old highs for a continuous of the cup formation. Probably a buyout around then at a nice premium

Extremely impressive momentum since the E.R. & webcast

I was a long time Kite investor. I must say I made a bundle. About 1 year prior to the buyout Kite did an secondary offering to raise money. It diluted shares by about 10%. It did not matter. Gilead bought it for about 12 billion. Allo will sell for the same if not more. They have already shown that their allogenic drug works as well but has many more obvious advantages.

I think minimal sale price will be $100/share.

These guys sold Kite Pharma for 12bn, and this company is the Ford of T cell therapy. This is for mass production of this treatment. I won't be surprised for a buyout closer to 20bn this time around. Lightning in a bottle.

In her coverage for Goldman, 5-star analyst Salveen Richter points out the key upcoming catalysts here, writing, “…we anticipate a period of execution on lead allogeneic CAR T programs ALLO-501A (anti-CD-19) … where FDA alignment on and initiation of the pivotal trials in mid-22 pave a path toward approval, and ALLO-715 (anti-BCMA) … where clarity on the forward path is expected by YE22 per longer-term follow-up monotherapy data… Separately, we note first data from the Ph1 ALLO-316 TRAVERSE study in renal cell carcinoma in 2023 could unlock the solid tumor vertical.”

Shorts are covering buying and whales are selling. Wait till the big drop. You havent exp. this before?

Hold and buy here. This is going to rebound. Volume only 45000 right now. Good buying opportunity if your quick.

If this goes to $19 I will give SuperRad $50K if this goes down to $11 SuperRad you pay me $25K. Price delta and bet are in your favor how about. Buy your wife something nice.