Ophthotech Corp. (OPHT)

[budmgd]

not enough volume/pumping for this to do much. looks like it will just drift down to that $5 level, maybe a bit below.

[JsTrades]

Below 5 and I'm selling :/

[Klinsmann]

Acting as expected so far...

[We Win]

Won't need a stop today it will be a positive day ...
Institutions forced to sell yesterday ...
Today there should be new buyers..
Due to over reaction yesterday and being over sold
Whether the storm..
If you bought yesterday ..
If you already owned sell for the tax loss and buy back in today

[JediPadawan]

I just bought 1000 units...

[grtcli]

Where's your stop at?

[JediPadawan]

It's a massive hit from 40 to 5.29

[Lone Wolf]

These analysts are fully...downgrade after the carnage, then upgrade the next day...lol...

I agree...that selling was way overdone, but understandable...The HUGE institutional ownership meant they were going to be dumping en mass. Trick is to get in before them and out before them. Yesterday was their 'out', so time for smart buyers to 'get in'. This was down by $33 yesterday! Jesus!! Just a $2 recoup from here is 40%. I'm down with that kind of math!!

[MARINO]

But cut target to $5. Crazy
Sellung is overdone

[JsTrades]

Rightly so!

[T695]

New 52week low coming IMO

[DGilmour]

Yeah but they lowered the price target to $5.00

[Lone Wolf]

Bid 5.40's and grab yourself a discount peoples! Fake ask might offer an opportunity here on that spread. Pre-market action suggesting a directional move up!

$OPHT

[Lone Wolf]

I see we got a Goldman upgrade this morning. They likely loaded the boat on the sell-off yesterday. Shrewd cats that they are!!

[Jonas3]

Hoping that the price stays at this level or below in premarket. If the price already hasn't made its move, I'm looking to get in 5.50 or less

[JediPadawan]

Maybe i'll buy 1000 units @ 5.50

[KOmani]

NET CASH and EQUIVALENTS and INCOME TAX RECEIVABLE was $8.06 per share at Sept. 30

Deferred Revenue and Royalty Purchase Liability are not Liabilities if the Drug fails.

People don't know how to read Financials.

I expect some bounce .... but maybe institutions want maximum to give pain to see what falls out.

[Lone Wolf]

Bidding up nicely in the pre this morning. Slow an steady climbing.

OPHT

[Klinsmann]

Jep, but still cautious what´s going to happen 9:30...

[viper666]

Thinking bout taking some in the am, give a chance to well what ever. Lol.

[grtcli]

The caveat is they slide in "stock" and cash...

[pkdaddy64]

The Gap must be filled. It might be anywhere between 33%-50% before finding where the pps should be based upon upcoming events, potential of future earnings, and Technicals.

[JsTrades]

Have a look at the chart m8!

[budmgd]

what kind of play are we going to have tomorrow? From the looks of things AH, I say we get a gap up to open around this mid 5 area....retail will push it 10-15 cents higher during the first 20 mins and then it drops to close the gap and more to just below 5. that way mm's can take out retail stops and then run it from there.

at least that is the way I hope to play it!!! hahaahahaha

a fool's errand I know to predict, but it's fun to play anyway! :0

[viper666]

And you found this news where?

[zino]

321,OOO,OOO Cash No Debt...At 12.01 of C.C Replay its mentioned...

[naturalborninvestor]

Source source source?

[tonyjh]

Huh?

[Big bucks]

NEWS NEWS NEWS, WOW FDA IS GOING TO LOOK INTO THE THIRD PHASE RESULTS ON A TECHNICAL ISSUE... WOWSER......

[PAC]

Looks like MMs had max pain by taking it down this far without a solid bounce

[PAC]

In out already. But reenter with small to hold few days to see what happens.

[JediPadawan]

I'm thinking of buying 1000 units of OPHT tmrw...Any suggestion?

[naturalborninvestor]

Are you going to short this after a 87% decline? That should be fun.

[Lone Wolf]

Grabbed a few toward the end of the session. Did you get in? I like the risk-reward ration here now for sure. Printing $5.40 in the AH here...and the 40's are falling fast!

[Lone Wolf]

Nice...You're green! Printing a couple ticks up in the AH. Very 'over-done' day.

[ClayTrader]

* * $OPHT Video Chart 12-12-16 * *

Link to Video - click here to watch the technical chart video

[Qone0]

it could, traded $296 million in dollar volume today. So the big boys are afoot.

should have about a 20% bounce IMO.

[MARINO]

Oversold. Easy $8

[naturalborninvestor]

Where is the cash coming from?

[budmgd]

low around $4.90 tomorrow IMO.....will be watching

[We Win]

Big Over Reaction !!! Buy the Close
The selling is way overdone ..

[Qone0]

The 5.25 buy filled, the 5.20 not yet.

[Klinsmann]

Why do you think that?

[-Trillion-]

Crazy market, too much sentiment. Absolute madness !!!

[Lone Wolf]

Was just gonna buy the close and be done with it...then thought, 'it's down $33 on the day!!!'...so preempt end that initial decision by a half-hour. lol

[JsTrades]

I'm in bottom achieved

[Qone0]

yeah its turning capitulation volume going into the close. 5.25 might have been bottom. in any case I'm going to start buying shortly.

[Lone Wolf]

OPHT - gonna take out an entry here. $5.37. Stops have been taken out and the down volume seems a bit silly at this point.

[bleu22]

Always do, IMO bottom in the 4'S

[-Trillion-]

What's Next:
If you're looking for a reason to hang on to the company's shares, it is worth pointing out that Ophthotech had more than $320 million in cash on its balance sheet as of the end of September. That's $100 million more than the company's current market capitalization. In addition, it has another drug candidate in its pipeline -- Zimura -- that is currently in phase 2/3 trials as a potential treatment for geographic atrophy, an advanced form of dry AMD. Thus, while the stock's drop today is deserved, it is possible that the markets are overreacting.