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Somebody jumped in quickly.
Talk of R/S usually scares off investors so, I'm not surprised by the price drop yesterday. Actually it was somewhat less than I expected. We may see some gains today as the fear factor wears off and lower prices entice bidders. The R/S vote won't occur till after the FDA decision (04 May). If the stock price goes above $1.00 after a (hypothetical) FDA approval there may not need to be reverse split. I think the company has positioned itself for any eventuality. I'm hoping a R/S won't be necessary but, if it is, it will certainly be painful for longs based on historic R/S data (see ETFC for example). Despite all this, or perhaps because of it, the entertainment value of this stock however continues to rise....in a circus of freaks sort of way.
12+% drop. Looks like the exit sign is lit. Will probably tail off at 0.50....Again.
Another ALXA Monday. I wonder why they couldn't have waited till after the FDA meeting to announce a reverse split? Regulatory requirement? They were bound to know this announcement would have an (yet another) adverse effect on the stock price.
Potential for Reverse split in place. http://phx.corporate-ir.net/phoenix.zhtml?c=196151&p=irol-sec
Exciting ALXA day. This should be about as exciting an ALXA day (holiday) as the last week. Think I'll watch the paint dry or re-primer the jeep. Fun factoid: Did you know paint and toothpaste are both shear thinning liquids? They both thin as pressure is applied. Feel free to use this at Easter dinner. LOL.
Last minute (15:59:00) 0.01 change (up/down) today? Seems to be the pattern.
Weird is a word I've used a lot with regard to this stock.
I think I'll hold on to ~50% of my shares till EMA.
A good move I believe. If I weren't already so heavily into this stock I'd add more as well. Next two weeks look promising....As long as nothing "ALXA weird" occurs.
I'm thinking huge boost...to 0.62 today. LOL. Hope I'm wrong on the low side. Enjoy the ride folks.
LOL. Till it hit sub-0.60 and I averaged down I was at $1.40. Apparently this is a "to the slow, go the spoils" stock.
I sold one of my long term biotech investments to get my average down to 0.80. But funds for this investment are all out of my high risk/high reward pool (mostly risk to date I grant you). And I agree with you the device is key to this company's future. I'm still thinking the approval probability is around 60%....Better than a coin flip...but not much.
Yikes. Are you going to hold them through any (theoretical to this point) run-up or, wait till after FDA decision? From what I can tell, most people are going to dump their shares after any (hypothetical) approval. So, most likely (with an FDA approval) there will be a mass exodus and share price drop within days of approval. On the other hand, if I was the CEO, I'd have several deals contingent on approval that would prevent that drop.
Last week I was thinking this might dip to sub-0.60 once more. Looks like we're getting close. 30 days (21 trading days) left till FDA. My thinking now is ~0.50 buyers are getting out (with a handy profit)rather than risking adverse FDA assessment. I'd probably do the same if my position was 0.50....Unfortunately it's....0.80.
May be a case of "a fool and his money..."
Too close to call with this stock....Anything can happen in the magic last minute...
Every 0.01 = $2K
Lol. I find myself rooting for every .001... Craziness. Think it's time for me to take a hit of ADASUVE myself...Or, scotch, whichever gets FDA approval first.
Nobody jinx us and say anything but I think the price is creeping up. LOL.
Thanks. I'll do my DD.
Lot's of people looking to do the same. Good luck. Just for reference, do you see anything else that looks like an interesting play that I could check out? Never hurts to ask I guess.
It was a pretty bizarre panel by everyone's standards. If you want to check some professional investors (which I am not, judging by the amount I've lost on this stock) take a look at: $heff's $tation of $tocks & $olid DD and Jason Napodano's latest recommendations. I don't want to steer you one way or another. Definitely a risky BioTech investment.
No. Sorry.
Yeah. The key was the single dose REMS proposed by FDA. Looked like that was the route FDA wanted things to go.
Best of luck. Recommend you check out December 12, 2011 Psychopharmacologic Drugs Advisory Committee meeting on the ADASUVE application. Pretty interesting meeting.
Sorry about the hit on AEZS. On Feb 17th there was an offering of 44,000,000 shares at 0.50 (a 29% reduction of the previous day's price). My assumption is that investors who got in at these prices are taking a nice profit now. Long term investors (myself included)....waiting to recoup.
0.55 possible this week? Given the somewhat weird (maybe unorthodox is a better word)trading history on this stock I think it's possible for one more run down this week. If it remains stable or uptrending this week then the stock may be positioned for a more traditional PDUFA run-up. I think I'll hold a reduced position if the stock hits 1.00 but will continue to retain a decent position here anticipating multiple new device related uses. I certainly envy all of you who initially got in ~0.60 (or even 0.50).
0.0113 range on more than 500K shares traded.....again? Odd does not begin to describe this. Wonder if I could forensically reconstruct the algorithm? My algorithm has been "this can't go any lower...buy more...goes lower....repeat cycle..."
I believe I saw the ancient symbol for ALXA on the Nazca Planes. The could only be seen from above.
I'm thinking (optimistically) that >0.65 may be next week. Pretty much the same story today as yesterday. Once multiple larger (10K+) bids come in (versus this sporadic action) it should be a good indicator.
I've averaged down to 0.82 from 1.41. Not as good as 0.60 but....
400 shares (100 every 15 seconds if you look at Level II) x 6 hr x 60 minutes/hr=144K. Believe someone doing a slow, methodical accumulation at low price of ~150K (+) shares per day. Nice for someone.
Buy out rumor. I wonder if I start a buy out rumor on yahoo message board if the stock would go up or down by more than 0.02?
This stock has been reacting so strangely that 0.70 after FDA would not surprise me. Disappoint me yes....surprise me...no. But, like most, I'm sticking it out.
37 Days (27 market days)till PDUFA. I'm wondering if any run-up (and knowing this stock that's not certain) will begin in April or, if those that got in at 0.50 will continue to take their profits and we'll remain at these levels? Guess we'll know next week.
If the EMA looks good in that timeframe we'll probably see a bounce higher....if it looks bad....well....
I'm stocking up vodka in any case to celebrate or cry in.
Had me fooled (thought; down day) till the last second too. This is one interesting stock.
Yeah. I was thinking it might have something to do with the 120 day EMA. This trading at the .xx shares has been maddening.
Somebody making a move. News leak somewhere?
Kind of strange the price going down on this news. I'm okay with that.