Ophthotech Corp. (OPHT)

[Rakbors]

Wait... make that $5.63 to buy in.. Guess I just answered my own question. lol. I'll wait it out.

[zino]

32O,OOO,OOO CASH !!!!!!!
http://investors.ophthotech.com/releases.cfm

[Rakbors]

Buy in at $5.69?? Or wait?? What say anyone??

[zino]

ZIMURA DRUG:DD(OTHER DRUG)..studies suggesting that the complement pathway plays a significant role in dry AMD, we plan to initiate a Phase 2/3 clinical trial investigating Zimura® for treatment of geographic atrophy, a severe form of dry AMD affecting approximately 8 million patients worldwide.
http://www.ophthotech.com/product-candidates/arc1905/

[zino]

that's from Novartis for milestones on this drug.. they have another amd drug in pipeline

[naturalborninvestor]

Yahoo also got revenues at $50 million. Is that correct? And from which product?

[We Win]

Re: yahoo finance ..

Yahoo Finance has debt @ 125M

Share cash value @ 9.

SO THAT MEANS BYE BYE BYE !!!

[jay1209]

Yahoo Finance has debt @ 125M

Share cash value @ 9.

[KOmani]

Probably didn't anticipate it would drop like this.

Options were priced insanely either way.

Sucks to lose 2-3 times what you initially got/risked.

[BoilerRoom]

OPHT took starter for a bounce..

[IPO$]

This is very good news. Maybe we will see a bounce into the $10 range

[We Win]

5.75 looks good time to entry here

[DollarsOnPennies]

Here's Why $OPHT Is Being Obliterated Today

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.

source: www.fool.com/investing/2016/12/12/why-ophthotech-is-being-obliterated-today.aspx?source=yahoo-2&utm_campaign=article&utm_medium=feed&utm_source=yahoo-2

[Giovanni]

Anybody know OPHT liabilities?

[viper666]

Grabbing something here just to see if it bounces, or might wait till eod.

[girlfriend]

This should turn out better than SUNEQ at least for a bounce Emptyheader!

[Emptyhead]

Step right up and place your OPHT bets.

[herbster]

I was told by a very knowledgeable trading never hold a bio stock in phase 3 because if it fails this is what happens. So I have taken his advice and it seems pretty sound to me. Gltu

[jay1209]

The OS is supposed to be 35.7M, with 29.05M float.

This has really been hit hard.

[KOmani]

Guess the bounce isn't coming today?

[bleu22]

That sucks, hopefully u get a great bounce up with this.

[alchemytrader]

why would you buy in that high on a risky bio stock??

[alchemytrader]

based on what?

[Giovanni]

OPHT has over 50 million in revenue according
to Yahoo


Income Statement
Revenue (ttm) 50.37M
Revenue Per Share (ttm) 1.43

http://finance.yahoo.com/quote/OPHT/key-statistics?p=OPHT

[alchemytrader]

AKAO - called 6.75...its 9.18 now...jumped in da wrong one...lol

[AnG5640]

I hope you're not serious....but if you are..... All of us traders have blown up our accounts at least once..... In my case, more than once, lol. Just pick up & start again.... No emotion!

[AnG5640]

Fingers crossed for a bounce for ya

[T695]

If it breaks $6.20 i may take a small bite

[pberger]

Why such a tight range?
MM look to be in TOTAL control. Why for?

Orderly dump from the funds or accumulating cheap shares for their benefit?

[-Trillion-]

I lost all my savings on this :(

[IPO$]

Dec and Jan $20-25

[mrbigglessworth]

Sorry, I had multiple Ihub windows open, posted to the wrong forum.

[AnG5640]

What strike & exp date did u sell?

[AnG5640]

Oh boy.....no idea.... I haven't been following this one, just noticed the drop...

[Giovanni]

Yes

[Klinsmann]

Won´t happen... But may get interesting for a quick flip during the next days.

[IPO$]

I hope to see this come back to nine dollars by end of day

[IPO$]

So the stock seems undervalued compared to cash in the bank

[Giovanni]

yahoo says over 9 a share

thank you

[IPO$]

Eight dollars per share

[Giovanni]

thank you

that works out to over 9 dollars in cash per share

[kujayhawk]

According to their financial stat sheet....$300 Million in on-hand cash.

[Giovanni]

how much cash does OPTH have?

[IPO$]

HaIs anyone listen to the 8:30 AM conference call?

[IPO$]

I sold the puts and got killed. I hope it comes back

[IPO$]

Where do you think it will bounce to?

[AnG5640]

Down 84%.....ouchie....

[KOmani]

LOL.

Now I have $6.50 average.

Go time.

[PAC]

OPHT 5.9 -85% good risk for small bounce. But I'll wait for -87%+ to be sure

[alchemytrader]

thats great to hear