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mpower. If thats the case, I guess I was the one holding it up in the $5 area, huh?? lol JAV moves where the market makers want it to move. People like me, even with alot of shares, do not effect JAV one bit. when it falls, its from institutions shorting or selling, not a retail person doing it.
rstor1. I sold around 25,000 shares today from 3.90 to $4. The sucked the shares right up with no problem this morning. I'm down to 45,000 shares and I probably wont go any lower than that unless bad news hits. But at the hint of good news, I'll be loading back up.
Y3maxx..If JAV announces a secondary of some sort, the stock is going up big from here. Lots of dilution is already factored in.
Steveporshe. the next few years will be a little different than the last few years, when it comes to financing, I can assure you. DNDN has a potential blockbuster drug. I've never heard of a secondary in the $3 range, especially after they blew the money they got at $6. thats why I'm asking. If its been done before, then I'm wrong. Does anyone have any other examples of successful secondaries in the $3 range?
NERF, APljack, etc..maybe I'm just dead wrong on JAV's financing ability. So we both agree that JAV will need financing within the next 6 to 9 months, maybe sooner. So who will the get financing with the stock in the 3 to 5 range, considering they already did a secondary at $6 and those shares are substantially underwater. and dont say the stock will higher in 6 months, cause you dont know that. So if JAV's PPS stays in the 3 to 5 range how will they get financing? I'd like to hear your thoughts
Biopete. Have you ever heard anything from one of their conferences that was even close to coming to true? The last conference they did, they claimed they'd have Dyloject sales in the 4th quarter. Then two weeks later when dyloject was approved, the said it would be 3 to 6 months before they even got on a hospital's drug list..
will something actually come out of this that makes sense/cents? We'll see. But in the meantime, how low will the stock go before the meeting.
Pastemp, nothing I've ever said on the board isn't the truth. You pumped this stock at $5 when dyloject got approved. I said it was going to tank and i was an idiot for not selling when I could. unless JAV puts themselves up for sale, I dont think the stock is going anywhere. And may go drastically lower cause there's no way they can do a secondary with the stock in the 3's or even 4's..they already did one at $6, and those shares are under water big time obviously.
I'm hoping for the best, but I dont see anything good on the horizon. they're going to need to money, and I dont know where they're going to get it.
yeah, pastemp..I dont want to tell the truth about JAV. I'll just make BS rose colored glasses comments like you do. How's that? its just like when I got kicked off before, if I say something that isn't positive, I got booted off..Should I lie and not tell the truth about JAV??? Will that keep me in good graces with the board??
the funny thing is, none of you see any coincidences with last week's runnup into month end, then crash today on the first new day of the month. its just random trading, right? I'll tell you this, and u can boot me off all u want, if JAV goes down again tomorrow, it will be in the 2's very soon. Tomorrow is a huge day for JAV.
JAV needs to sell themselves and get it over with.
last 4 days gain was nothing more than some kind of month end antics. Probably something to do with mutual fund year end. Should have unloaded everything over $4 while there was some bids. Still have 80k shares, unfortunately. Really stupid to think JAV could go up anymore than this, with its history
Inthetrenches.
I never sold one share under $4. my shares were sold from $4 to $4.20. I was a net buyer in the 3.60 to 3.70 area. i'm still holding 80,000 shares, and thats with selling about 25k shares today over $4.
JAV went from $4 to $3.30 on other people selling. its funny you guys get excited about a close at 4.16. it took a 30% move up and 4 days in a row to get there.
And hey, i'm happy as hell to get some money back. But it doesn't change a thing. They need to sell JAV and let people who know what they're doing, run things.
JAV could fetch $8 to $10 right now I think.
Dewophile. I dont think Rick is an ass, he just doesn't know how to run a PR department and he talks and he thinks by exaggerating things or pumping the stock is helping the stock price, but its actually hurting it.
and I'm sure all those pissed off posters sold by the time it got to $3.30. Sure there's people like biopete who will pump stocks he's in til they hit zero, but I'm sure most have sold. Someone sure sold.
and what is sad is that the shorts new WAYYYY more than Rick did. Rick used to laugh at the shorts when the stock was at $5.50 to $6 saying they didn't know what they were doing. LOL Fact is, Rick didn't know what he was doing.
they need to sell the company, soon. The Dow isn't going to be up 150 points everyday to run JAV up with it, I can assure you
Biopete..If thats the case, then management should keep their mouth shut and not state things as facts they have no clue on. and Besides, I'm not the only one that management fooled. This board was littered with pissed off people just like me who were cut off by Rick Pierce. They're all gone now I see and there' no one left except those with continued rose colored glasses on. And Mike Harvilla from Motley Fool, who has wrote many positive articles on JAV and who is an expert on small cap biotechs, has told me a number of times that JAV's management ways are very irregular and they really shouldn't be saying things like they do to investors. For instance, in October, they claimed they would be getting Dyloject revs in the 4th quarter. Did they not even know that it would take 3 to 6 months, just to get on the hospital's drug list?? How could you not know that if you're management?? You say one thing in mid Oct, then something completely different on halloween. Mike has given up on JAV, saying the same things I have about management. here's his latest article. and if u dont believe me, email him and ask what he thinks about JAV's management. He's had more experience with small biotechs than everyone on this board combined.
http://seekingalpha.com/article/49796-top-10-emerging-biotech-stocks?source=yahoo
PastTemp..I understood exactly what I was getting into. I've been doing DD on JAV for almost a year now. I made a number of mistakes.
1) Listening to Rick Pierce and management.
2) Thinking that there was no way a company with 250 million in revs a year by 2012 would keep a 180 million dollar market cap.
3) Believing that analysts, one from Punk Ziegal, who has an $18 dollar target on JAV.
4) Buying too many shares to where I couldn't get out and my discipline was unable to help me.
I went for a homerun on JAV. Its something I rarely do. Did it with Headwaters(HW) about 5 years ago and made a fortune on it. Sold way too soon though.
but I learned my lesson and thankfully I'm still having a good year, but the next time I talk to someone in management from a company and they say something ONCE that doesnt happen, I'm out of the stock. No matter how much I think the stock is undervalued.
no apljack. I didn't get banned for personal attacks, cause i never made any personal attacks. But i was attacked plenty, and I think it was by you. someone on the board called me a liar and said I was short JAV. You banned me cause I said JAV was going down, and it did. And even if I was doing personal attacks, if I was pumping JAV, I wouldn't have been banned. You dont think I know how you people work???
and btw, I became an INVESTOR in JAV. I found the stock at $4.80 back in Dec 2006, rode it to $7 and sold.. Problem is, I loaded back up when it fell to $6. If I would have stayed a TRADER, I would have sold in the mide $5's, after it fell from $6.
And I became an INVESTOR cause I was told alot of things that weren't true or didn't come true.
all "investors" in JAV within the last YEAR, are losing their butts. Me included. And those who are investors for the last 2 years are even at best.
biopete, NERF was lying. he never asked Rick that. Rick knows exactly who i am. if i was pumping JAV blindly like all of you, would i have got booted off the board???
didn't think so.
YES biopete, i'm disgruntled. i got too invested in a stock i couldn't get out of. i'm up about 500k on the year so far, and i've lost about 350k in JAV. So i'd be having a great year if not for this Pos. i found JAV at $4.80 back in Dec 2006. rode it to $7 and sold. then loaded back up around $6 down to about $5. And if i never called Rick Pierce, i would have been out of JAV long ago, when it broke its downtrend. you may THINK you know something about JAV and its future, but you dont. you're just guessing like everyone else. At least i knew JAV was going down.. i said it right here on this board at $5, the day after approval. i just couldn't get out. you, on the other hand, never dreamed JAV would go to $3.30..i was booted off the board for saying JAV was going down, every though i was dead right. and you helped get me booted off the board cause you couldn't stand hearing the other side of the issue. Rose colored glasses have helped break alot people in the stock market.
BIOPETE, I'm a realist. I'm not a kool aid drinking investor like you. I trade for a living. Been doing it since 1999 fulltime. Every stock that has gone to zero has people posting like you the whole way down, thinking they know something. I got destroyed on JAV cause I fell in love with the stock, bought too many shares that I couldn't get out of and listened to management. Holding JAV is the hardest thing I've ever done. On one hand, I think there's a huge market for their drugs, but on the other hand, management has no clue what they're doing. IF THEY DID, THE STOCK WOULDN'T BE AT $3.
and concerning your Dyloject in US call, if it took them that long to get it approved in the UK, where they'll approve anything, how long will it take in the US. By then, they'll have had to have done 5 more secondaries.
Sell the company for $8 to $10, and get it over with. I'm sure there's plenty of companies that will pay that for them and their patents..
Biopete..I think the stock is worth $10/share. But it isn't going there anytime soon. With that said, if they do a secondary, the stock will GO UP, not down. Cause its so well forecasted. But til they get the PPS up alot from here, there's no chance they get a secondary done. they've already killed those who bought the last secondary at $6. No chance they get another one done at $3 or even $4. Thats why they need to just sell the company to someone and stop wasting people's time and money. they've already screwed things up. let someone else try to fix things
company stated cost per month would double, as they have to hire drug reps and other things. At that cost, they'll be out of money by the summer of 2008 and have to do a another secondary or do something else that would dilute the stock. thats why the stock has fallen from $5 to $3.50.
BIOPETE..its tough to sell 200k shares when the stock is trading 150,000 shares a day. i couldn't even get out til $4. and i sold over 100k shares there. and the reason I didn't sell everything months ago when i realized Rick was clueless, was cause I think the company is severely undervalued if they get the right management team in there or of course sell the company to a bigger drug company. I told the board at $5, when it tanked after approval, that the stock was going down. and of course I got kicked off the board and you and others accused me of being a short seller, even though I gave examples of me pumping the stock for the last 6 months on yahoo message boards.
Its very tough holding a stock when the management team isnt up to par. You may claim they are. But I can assure you, if this management team knew what they were doing, JAV wouldn't have a 180 million dollar market at this stage in the game. And they wouldn't be about to run out of money. they would have raised plenty of money already to fund them well into the future, not just another 7 to 8 months.
with that said, JAV as a company is severely undervalued, if the sales estimates they've given for Dyloject are even close to being correct. Not even to mention Ketamine.
A company shouldn't then tell people when approval is coming. And they certainly shouldn't tell people in october that they will sell some dyloject in the 4th quarter when it takes 3 to 6 months just to get on the hospital's drug list. thats ridiculous.
And for the record, I think JAV has great drugs with alot of potential. the problem is, the management doesnt know how to get the drugs to the market on time, say the right things or support the stock price. The stock price is what matter to little biotech companies..thats how they get financing through secondaries. i'm currently long 80,000 shares, so we'll see what they do.
pasttemp. Where do i begin. here's a list of thing Rick told me since March 2007
1)in March, he said approval for Dyloject was coming no later than "late Spring"
2) When JAV started to tank back in June, he claimed they had "million share" buyers lined up to support JAV under $6. JAV went to $3.80.
3) When the manufacturing facility issue came up, they never ever released a press release. but the shorts knew of the issue cause all of sudden 3 million shares were shorted.
4) Rick told me personally, AND it was stated in their conferences they attended in Sept and Oct that they would be getting dyolject sales in the 4th quarter. Then on the latest CC, they stated it would be 3 to 6 months BEFORE EVEN GETTING DYLOJECT ON THE HOSPITAL'S DRUG LIST.
5) And the worst thing is, Rick stopped returning emails, phone calls, etc back in the summer. I had right at 200,000 shares at one point. Actually had it til I sold a large amount just over $4 a couple weeks ago. You'd think someone with a million bucks tied up in stock could at least get a phone call returned. And from reading this board over the last couple months, he did the same thing to everyone.
The reason JAV has tanked is cause no one trust them. Nothing they've ever said has come true. It took them so long to get Dyloject approved that they're now going to run out of money. They will have to get financing or dilute the hell out of the stock. And tell me this, how are they going to do a secondary with the stock in the $3's, when they already did one at $6??
They need to put themselves up for sale and get some people in there who get things done. There's now 3.2 million shorts. And the funny thing is, they knew of all the issues JAV had and Rick Pierce didn't. Makes you say HMMMMM..
Short interest increased to 3.24 million shares..They have pounded it into the ground and management just sits back and watches. how do they expect to get financing with the stock at $3?? They need to go ahead and put the company up for sale and let someone run it that knows what they're doing. I got destroyed on JAV cause I listened to Rick Pierce. Its my fault of course cause I didn't listen to the stock chart.
Triple bottom????
we'll find out over the next couple days.
M Power, why dont you pick up the phone and call Rick Pierce and ask him if I'm long or short. Just cause I have 150,000 shares, it doesn't mean I'm wearing rose colored glasses. will JAV's stock eventually go up? Probably, but in the meantime management couldn't have screwed things up more if they tried. These guys couldn't run a lemonade stand, much less a pharma company. First they said approval in late Spring, then summer at the latest. It happened on Halloween. And before approval, they said they would have dyloject revs in the 4th quarter. Thats funny considering they just said it will be 6 months before they even get on a hospital's drug list. So much for revs in the 4th quarter. so what does all that mean?? its means they'll have to do another secondary or partner with someone who will get some of the revenues.
they need to sell the company. Cause they dont know what they're doing. And yes, I'm long 150k shares, and that with me selling 40k shares yesterday at 4.50 and 4.51. The drug revenue streams will have huge values within a couple years. Right now though, it will be a miracle if it doesn't go below $4 again. Everyone that can get to a computer is either selling shares or shorting shares.
if i had the money, I'd buy the whole company right now. Thats why I own 150k shares.
Stuck Holder, Your analysis sounds good and of course reading charts is an art, not a science. I always look at the charts first when I make trades. With that said, there's not one short on this board, just honest people like me who tell it like it is.
I must be a bigger idiot than I already thought I was. I thought when a company's drug got approved, it was good news, not bad. What the hell was I thinking???
I'm sure he meant at least 3 years. they're not even filing til late 2008, then another 2 years after that til possible approval. and as we with Dyloject, whatever the company says, add another 6 to 8 months on to it. I sold 40k shares today at 4.50. had no choice..finally saw a bid. I still have roughly 150,000 shares left. But I see nothing to move it up anytime soon unfortunately. It went down on Dyloject approval, barely budged when Punk Ziegal pumped it Friday and it crashed today. If it can't move on those, whats going to make it move??? Shorts are pounding it.
biopete..So how many shares of JAV did you have, and at what price. tell the truth now
yes Rockjohn, gabe Whatley is my real name..Just do a GOOG search of Gabe Whatley. And BTW, I was John Rocker's roommate for 3 years in the minor leagues.
Rockjohnny..its from the same guy at the NWRE message board who made up the paxil crap. Just a moron who losts a fortune in the stock market since 2000. His name was Peter Keuhnal. He lives in Chicago
If JAV can close over $5, I think it can make its way back to $6 within a couple weeks. That's my call from here.
i'm not buying the cash burn rate as the issue for the selloff. Cause on the day of approval, cash burn rate was not an issue, and the stock went from $6 in premarke to $5.75 offical open at 9:30, to close at 5.29 and had a low of 5.15. There was 1.3 million shares sold Wed BEFORE the cash burn rate was even talked about. The same seller was in the market yesterday who was in the market Wednesday. It was either a huge short seller or an institutional fund blowing up who had to sell..
Yes Apljack, I played professional baseball before I started trading for a living. My last year was 1999. and as far as the "paxil" thing goes on the google search, that was set up by a guy on the NWRE message board cause I told them all NWRE was a POS and it should be shorted.
Increased spending was fully expected at JAV. They have plenty of money to fuel launch of Dyloject, plus they'll be getting revs off Dyloject within a couple quarters. the increased spending had nothing to do with JAV tanking yesterday from $6 in premarket. Every report I've read says spending will be increased dramatically.
BioPete, are you kidding me?
no real delays? Rick Pierce told me in Marchapproval was coming in late spring at the latest. The problems with the manufacturing facility weren't even disclosed publicly. I found it out through a Motley Fool guy, then Rick confirmed it. I was also told a number of other things that kept me in the stock that I wont disclose. But you're right, its my fault. I normally listen to the market. When JAV failed that day at $7 back on June 16,on very good news, that was a sell signal. JAV went straight to $3.80 from there. I didn't listen to the market, I listened to Rick, which I NEVER DO. The market always knows more.
And the sad thing is, When JAV was around $6, Rick was available to speak to everyone. Once things got bad, he wouldn't take any calls or returns emails
I dont sugar coat things. I tell it like it is. I think JAV is worth $15 to $20 within a couple years, but in the meantime, no matter what I say, the stock is going to do whats its going to do cause people with alot more money than me are controlling it. Who sold 1.3 million shares yesterday? Who sold 660,000 shares today? Thats roughly 2 million sold in two days.
it makes me sick that I listened to Rick Pierce over the last 6 months. If I never spoke to him, I wouldn't even be in JAV right now.
So is this plummet a buy opportunity? Yeah, if you're will to hold for a couple years.
Btw, where are the analyst pump jobs today? I haven't seen one.
If you want to ban me, ban me, sport. I haven't stated anything that isn't true nor have I offended anyone. If someone is going to call me liar, which has happened, I'm going to defend myself. I own more shares than this entire board times 100 most likely.
And as far as asking Rick goes. You dont have to ask him the exact number of shares, just ask him if I'm a "large shareholder".
U guys accusing me of short is pitiful. And anyone who wants to ban me from this board is acting like a little girl.
I meant message me under gabewhatley1