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You're FOS but that's ok....as long as you're happy, in your fantasyworld, that's all that matters. Just be thankful that those walls, in your room, are padded!)
How huge are the insiders? Over 400 pounds each??? j/k :)
Someone gobbled up those .13's pretty quickly.
Interesting post on the ANX Yahoo board (I didn't realize that the revenue potential for Adventrx's lead drug ANX-514 was so huge):
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_A/threadview?m=ms&bn=1150&tid=42618&mid=42619&tof=1&rt=2&frt=2&off=1
While ANX-514 is not the only pending generic equivalent of Taxotere, the market for this drug is huge. Currently, the entire taxane market is worth about $2 billion. It is projected that sales will peak at $2.6 billion in 2010 and will drop to around $2.4 billion by 2015. ANX's pharmacokinetic data from their bioequivalence study of ANX-514 is still on track to be announced this quarter. per their 2/10 PR:
From Adventrx's February 10th PR:
SAN DIEGO, Feb. 10 /PRNewswire-FirstCall/ -- ADVENTRX Pharmaceuticals, Inc. (NYSE Alternext US: ANX) announced today that it has received written indications of interest from numerous companies representing a range of strategic transactions. The Company currently is evaluating all proposals and options. In December 2008, the Company announced that it was exploring a range of strategic options, including the sale or disposition of one or more of its product candidate programs, a strategic business merger and other transactions that maximize the value of the Company's assets.
"We are pleased with the number and breadth of opportunities presented to us and are currently negotiating with interested parties," stated Brian M. Culley, Chief Business Officer of ADVENTRX. "In order to provide sufficient flexibility to consummate a transaction on appropriate terms, we continue to curtail our spending. While this may impact the timelines of our regulatory filings, it is likely that a future partner would make the final decision on the timing of each NDA submission. However, we still remain on track to announce pharmacokinetic data from our bioequivalence study of ANX-514 in the second quarter."
With the sales potential for ANX-514 and ANX-530 (which already demonstrated Equivalent Pharmacokinetics to Navelbine(R) in a
Registrational Bioequivalence Clinical Study completed last year), ANX Mgmt should have no problem finding a strategic partner or someone looking to pay a hefty premium (to todays pps) as a buyout offer for ANX, in the near future (based on the revenue potential once these 2 drugs obtain FDA approval). AJMHO
ANX is a steal down here @ .13. I have to believe that ANX has buyout offers on the table for at least .50/share.
IMO, that's a bargain for one of the big boys looking to get a piece of the $2.6 billion Taxane market.
I am expecting some very good news real soon out of ANX. gltu
ANX running again here.
Looking at this mornings volume, selling on ANX has definitely dried up. Won't take much buying pressure to push this one back to .20+ IMO. GLTU
ANX looking mighty thin here back to .20. Very nice.
ANX consolidation just about done here in the .13's. Getting ready for the next leg up IMO.
I loaded up ANX @ .12-.13 this morning. What's with the .15 prints going off above the ask?
Buying drying up a little here w/ANX. Looks like she may need a little rest/retrace before the next leg up IMO.
Loaded FAZ here @ 19.50. Will sell next week @ 22/23
I was going to pick up some VRNM on the pullback here but noticed you are out pumping this one...usually the kiss of death for these runners....decisions, decisions...
HAYZ the most undervalued auto supplier out there IMO. $2.16B in annual revenue ($21.341/share) and currently trading @ .16 with a $16M market cap. Absurdly undervalued here and expect a slow climb back to $1+ IMO. HAYZ was trading over $3 just 6 months ago.
HAYZ ready for next leg up here. Consolidation done and expecting this one to go green this afternoon. Still grossly undervalued IMO.
Agreed. Accumulated HAYZ on the dip this morning. Picked up most @ .13. Looks like consolidation/profit taking subsiding here. Looking for a close around .17. GLTU
Put down that orange juice and pick up that Green beer!~ It's time to celebrate!~)
A little Irish joke to start the day:
Paddy was tooling along the road one fine day when the local policeman, a friend of his, pulled him over.
"What's wrong, Seamus?" Paddy asked.
"Well didn't ya know, Paddy, that your wife fell out of the car about five miles back?" said Seamus.
"Ah, praise the Almighty!" Paddy replied with relief. "I thought I'd gone deaf!"
Out GNW @ 1.40 from 1.25 entry.
Out HIG @ 8.10 from 7.06 entry.
In some GNW here @ 1.25...lagging the Insurance stocks today...
In HIG @ 7.06. Looking strong here.
I always pull the trigger when my "Woodie" indicator goes up! I am not always on the right side of the trade but boy does it feel good! :)
There's a poster, over on Yahoo, who is insistent that a buyout will be announced, on 2/17, and Novartis is offering $2.80/share for CTIC. Sure would be nice but I'm not holding my breath..
Obama is probably sitting on the back stoop of the oval office, smoking a butt, saying to himself, now what?
Does anyone have an extra trillion $'s laying around...tia
Play the swings but make sure to put in a tight stop.
Stopped out @ 7.85.
Until our fearless gov't instills confidence again in the Financial sector and provides details on how they are going to fix the ailing financials, I am now afraid that we will see more of this volatility (downward pressure) in the months to come...
LOL...
The price of FAS - 7.54 and falling...
The price of advil to cure the market caused head pain - $3
Watching everyone wave their bloody pompoms as they cheer on their favorite "falling knife" stocks - priceless...
FAS - Big bounce starting here...
I will hold FAS overnight, at this level (if it doesn't hit my $8.80 target today). Just play the channel for now. Buy @ 8, sell near 9, rinse and repeat. I have a stop in @ 7.85. Reward greater than risk at this level IMO. gltu
I plan on selling my FAS @ 8.80 this afternoon. Easy 10% scalp play IMO. gltu
"All in" FAS @ 8.
Smells like a bear trap to me....
Oh good! I could use some stimulating! When will the $100M be deposited into my Ameritrade account?
I heard a rumor that Bill Gates is planning to buy out Poland Springs and, once the buyout is completed, will rename the company 'Water-Gate". Can anyone confirm? :0)
Re: "Had some personal reasons had to sell my shares"
Did you need the $ to pick up some condoms for Valentines day, on Friday? j/k
FAS going down faster than Lewinsky did on Billy's cigar! Oh, the humanity!
I am hearing rumors that after Al Sharpton speaks, Nancy Pelosi will be riding a banana naked while she sings a rendition of "Oh Happy Day"!
In FAS @ 9.28 for da bounce..
Out FAZ @ 51.14.
Out FAS @ 9.24. In FAZ @ 49.