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Naw it's not at $4 yet... This has a long way to go down and is going to get crushed very very soon IMO. Almost every day it sets new lows and lower highs....
Exactly, this whole company was a set up from the beginning. This was all scam for the CEO to cash in and make bank at shareholders expense from the news of the phase 3 trail. He knew the results were decent, so he timed the share dump to coincide with the "pop" from the PR pump and the news release. No secret why just 1 day, 1 single day after they announce the results of the phase 3 trail they come out and announce a 55 million dollar share dump into the common stock. This was all planned well in advanced, to dump shares into the massive volume generated by the phase 3 results so the CEO could make bank all on the backs of the new shareholders who were buying in.
This is also the exact same thing they did last year when they had results of their other drug trail coming up. They pumped it up before the results release by paying sites to run pumps on it, but the only difference that time was the results came out and they where bad and the stocks price per share tanked. That's what they are getting sued for right now with all these class action lawsuits. They did the same thing this time, only the results were decent and I am sure their hopes were that the price would stay higher longer so people wouldn't notice the massive share dump into the volume. That didn't happen of course and the share price is tanking and will continue to tank. I fully expect new law suits to be filed in regards to this current scheme very soon. Anyone thinking this is really a legit Biotech/Pharma is greatly mistaken.
Oh yea flipping this is easy, nothing wrong with that, sure as heck wouldn't go long here, but this is a flippers paradise, just got to make sure you get out before it has one of its big crashes. But that's pretty easy to do if you follow the charts with this one.
Nice the dilution is official!
Lol get real, this was trading around 3.40 before it shot up on the pump and the phase 3 trail results. This isn't over sold until its back under $4. It's still WAY to high for a company that doesn't even have a patent on it's drug, and is still 12 to 14 months away from a POSSIBLE FDA approval, and for a company that has no money and is diluting the stock to pay bills.
Even if you agree with everything here and "believe" in them, the stock it self is going to be worthless long before any drug hits the market due to the dilution.
New Lawsuit! Federman & Sherwood Announces That a Securities Class Action Lawsuit Has Been Filed Against Keryx Biopharmaceuticals, Inc.
These lawsuits are really start to pile up now, I am a strong feeling more will be filed about what the company has done in the last two weeks!
Thats how I see it too. Sad these guys can get away with the same stuff time and time again but sadly it's completely legal to run a company like this, and dilute it to put cash in your pockets while ripping off share holders.
I am just stating facts. I already stated i got puts on this and will continue to hold them even though I am up nicely on them already. Not "bashing" anything, I don't "bash". This company is a joke, they have a ton of issues and it was completely laughable that their pps went from the mid 3.00 rang to almost 10.00 on what, decent phase 3 news? All on a company with no money, no patent on their own drug, and still a year away from a FDA approval at best. Followed by the fact that there is a big cloud surround the CEO and how he "operates" the company, the paid pumping of this a week before the results came out, and the announcement of big dilution as soon as the results came out and the stock popped.
Believe me I am not trying to hide anything, I don't like this company, I don't like the CEO and I really think things are going to go way south from here. If you think that this drug, which is highly debatable is even worth anything is going to save this company and make them worth 15 bucks a share by all means good luck.
Only thing that has been "perfectly timed" so far is the CEO massively diluting the stock as soon as it poped on the news. Classic move, timed to coincide with the phase 3 news, which he knew would cause a nice pop in the pps as he paid money to have KERX pumped on multiple websites the week before. As soon as it ran, BAM time to dilute dilute dilute!
Classic P and D... If there was a real market for this, they would have no problem getting REAL, non-dilutive investments... Yet where are these?
Really, then why did a major INTERDEPENDENT drug research firm also say the same thing?
Keryx Pharmaceuticals (KERX_) shares fell 22% to $7.11 Friday after an independent research firm raised questions about the company's ability to convince FDA to grant New Chemical Entity status to its experimental iron-based phosphate binder Zerenex.
IPD Analytics, which conducts intellectual property healthcare research for Wall Street investors, issued its Keryx report on Friday. The IPD report also questioned the strength of Keryx's patents protecting Zerenex from potential generic competitors.
You seem to keep ignoring all of the major warning signs here, coming from very credible sources, not just people on small web sites.
There is little to no market for these, and I highly doubt they will make it to market in the first place. And remember this still has to A: get a patent, something it should have already did, and B: get approved by the FDA. Something I really am not expecting to happen. For me, there are way too many warning signs here, from the CEO, the the drug it self, to the way this company has been run, to the fact that they have never got a drug approved etc. Could they hit a home run and have everything fall in place, sure, but it's not likely at all, and I really don't expect this and I have a strong feeling the CEO is thinking the same thing.
One of the MANY big issues I have with KERX. Really think this is going to implode big time once people start putting all the pieces together and see the big picture. I mean I really can't find any positives with this company, even if everything was approved and this did hit market, I still don't think it would make these guys much of anything. I really don't expect this to ever hit the market though, and I think the CEO knows this, and is just trying to milk this for as much as he can before it goes down.
Got march puts, got plenty of time to wait this one out. I know where this is going, just hope the longs here don't get hurt in the process.
Yea almost, as in theres not much difference or value in KERX's drug, and no doctors will proscribe it when theres other treatments out there for this which are very effective a ton cheaper. What a winner, a drug thats slight better, but 10x more expensive than whats already out there. Time to bet the house on this one!
Even if this gets a patent, and even if they get FDA approved, which are HUGE ifs on their own rights, there is no real market for this drug, they already have other treatments out there which are almost as effective, and 10x cheaper than this. This isn't a cure for cancer here that some want it to be. And the company has no money, hence why he is diluting the stock as soon as it had any positive move, something I expect to continue just to fund the company.
lol wheres the "defense".... All it says is "bulter begs to differ" but then doesn't go into any details about how he differs or what he is using to support his difference in opinion.
Hard to ignore the facts, things not looking good here.
"Keryx Pharmaceuticals (KERX_) shares fell 22% to $7.11 Friday after an independent research firm raised questions about the company's ability to convince FDA to grant New Chemical Entity status to its experimental iron-based phosphate binder Zerenex.
IPD Analytics, which conducts intellectual property healthcare research for Wall Street investors, issued its Keryx report on Friday. The IPD report also questioned the strength of Keryx's patents protecting Zerenex from potential generic competitors."
Lol ty. Just felt some of the facts about this needed to get out, though some was of course opinion as well. I have a feeling a lot of people might get burned on this one. Too many things don't add up.
I never said you did...
This is going back to $3 in a matter of days, if not tomorrow. This has been a classic pump and dump. I guess you missed the part of what i posted where it talked about other treatments that were oral and no where near the price of this, did you also miss all those BS websites that out of no where started pumping this stock like crazy just a week before the results came out. There are plenty of great biotechs and pharmas to invest in, this is clearly not one of them IMO. Way too many negatives here, with both the product, the company and the CEO.
Few things you need to understand here about KERX. So far the only website I could find that has listed Ladenburg Thalmann as having upgraded KERX to a 15.00 price target (completely laughable btw) is zolmax.com.... Thats a news site no ones heard of and is only has a staff of 6 people according to their own website....Hardly crediable....
I could not find a single other news site, much less credible news site that has any news on any type of price upgrades from Ladenburg Thalmann or any other company.
When I was researching this company last week before the "announcement" of the P3 results, I was begining to see the signs of a classic pump and dump. After what has transpired this week it's all but basically confirmed IMO. Besides the BS price target upgrade, you have the company coming out and announcing a big share dilution sell off as soon as the stocks pps went up on the news. On top of that, you have a CEO that has had a troubled history with a questionable back ground when it comes to running companies. You also have a new law suite in regards to how the handled things last year.
And last, but certainly not least, you have to look at what has happened so far. These guys didn't get a FDA approval, they simply had positive P3 results... Its going to be quite some time before they submit everything to the FDA and get any kind of ruling on their drug from them. On top of that you have to do some research as to what type of drug this is. While the results might have been good, that is hardly surprising considering there are already multiple drugs just like this out there right now on the market, and that they will be becoming generic very soon, meaning that they will be 1/10 the price of KERX's drug which means no doctor in there right mind is going to recommend KERX. The CEO knows this, and all they are trying to do is pump this and use the hype to sell off these shares so they can make a ton of money before the ship sinks.
And here is a post form SeakingAlpha that explains in detail what the problems are and how limited the market is for their drug posted on Wed Jan 30th. http://seekingalpha.com/instablog/444306-walkthetalk/1503161-keryx-s-zenevex-with-very-limited-market-potential
"1) Some investors were over-excited by the, sort of un-expected, excellent clinical data in P3. Now the stock price popped up about 144% in three days, Wow. What goes up fast will goes down in the stock market once investors understand Zenerex very limited potential market."
"2) There are two types major phosphate binding compounds in market to compete with Zenerex: Calcium contained drugs (PHoslo) and non-calcium conatained drugs (Renagel/Renvola, and Fosrenol). All of them are similar effective to lower down serum phosphates."
"Calcium contained agents are the cheapest one,$1200 per patient per year. You may even use Tums, Calcium Carbonate, $99c per bottle, to lower down your serum phosphate. Although some patients may concern about its side effect: calcium deposit in blood vessel, majority of patients population will still use calcium contained agents. Revenue of Phoslo with about $80m in 2011 are dropping very year."
"3) Non-Calcium contained drugs will be direct competitors to Zenerex. Currently Renagel/Renvola were sold most for about $800m in 2011. However, its major patents will be expired in 2014. I don't think Zenerex can compete with Renagel/Renvola in terms of its similar efficacy and side effect. Renagel/Renvola will have much lower price and much stronger sales force from Sanofi in 2014."
"4) I agree that Zenerex has additional benefit for anemia over the others. However, iron therapy is not big issue for later stage renal dialysis patients. Now liquid iron can be easily IV delivered to patients during necessary dialysis process. So Zenerex doesn't have any game changer advantages."
"5) In term of dosage, it is still unknown if Keryx decides to use one dose per day or three dose per day for FDA approval. Forenol from Shire has been used once daily to lower serum phophorus level. On top of that,, Forenol can be used for the other more important implications opposed to Keryx's Zenerex only one implication: lower phosphate in blood."
"6) Sensipar, Fosrenol and Renagel/Renvela are Likely to be Negatively Impacted in 2014 When Oral Medications Become Included in the Dialysis Bundle, According to a Recent BioTrends Report. So will be Zenerex if it is FDA approval in 2014.
In summary, I don't think that Zenerex will be a game changer in lower phosphate drug market. Keryx stock price will eventually go down dramaticallly within one year in my humble opinion."
Once people actually figure out what the drug is, and how little impact it will have if its ever FDA approved, the pps will really go way down. Most likely even far below the $3 range it was at before this news comes out. Also factor in what the CEO is clearing doing here, and this is probably going to get very ugly very quick. Anyone in it should be careful IMO.
Where do you see NFLX going tomorrow? Pull back or new highs?
What do you see it doing from here?
Talk to me in 2 or 3 weeks.... No one said this was over or done yet....
Well over $2 IMO... It will do a lot better than NSRS partly due to the higher starting price, partly due to the fact that they want to out do them selfs on this compared to NSRS.
They will run this, if they want to, with our with out news... News is meaningless, its all a matter of when they want this to run and when they don't... They set it up for a nice gap and run, supported with news, by the way they closed it today, but regardless if they want it to go up tomorrow, it will..
There not fake, they are the real deal bud. They hit wacked all the time big huge sell orders and hold up just fine. Some times they will remove them and take them down if they get slapped, but when they want this to run, they let them get hit and buy up all the shares people dump to keep the run alive.
So yea, your completely wrong again...
True that.
Yes I have, if you have a group that isn't doing anything illegal, and none of their plays have ever been halted, then you really don't have anything to worry about. I never said taking profits is a bad thing, I said flipping was bad on APS plays because they can shoot up big, and very fast with out any warning.... So please read more carefully what I say, because I don't like people twisting what I write into something completely different than what I originally said...
Why wouldn't I be, they make bank for me and every one else... LOL
It doesn't matter if your promoting it or not, trying to buy X amount of shares isn't illegal what so ever. Nor is slapping the ask... So once again, please learn the laws, the rules, etc before you start throwing out terms such as "illegal"....
You are 100 percent correct about what people saying on IHUB having no impact on these plays, this group is and always has been far bigger than ihub, just like all the other major promo groups. They will do what they want and don't have to worry about what people say bringing the pps down, hell even the DTCC can't stop their train from rolling.
I am just having fun calling out the BS on here, it's a great time waster...
It's illegal because she didn't buy in when this was cheap! That's the difference! SNPK going to run hard the rest of the week IMO!
Who said it wasn't going to dip tomorrow? I didn't say that... I expect news, a good gap, run out of the gate... Like I told you in the other post, I am sure you can get low to mid 70s on the "dip" tomorrow...
And there is no way to prove it so please just drop it lol. You and all of the "ZOMG THIS IS ILLEGAL" people make me laugh... Guess you don't like making money, I mean who cares what they do, every... single... one of their plays 10 bags... Even their "mistakes" 10 bag....
So why not get on board and make money lol, I mean logically speaking it makes no sense...
And anyone who has done 5 min of research and DD on APS knows their plays are safe, they go up huge, and you have nothing to worry about at least until week 3 or 4... We are not even done with week one yet...
And btw, there is NOTHING illegal about dropping a million + bid, and then buying up the ask.... That's perfectly legal hun, so do your self a favor and learn the laws before you start crying wolf again...
I was comparing the two plays, your not comparing, your ASSUMING based on no evidence thus far to support your claims, that this will "drop" on thursdays like NSRS did.... Notice the difference? I am comparing the facts of the two plays, you are just guessing and you have zero facts to back up your claims since this is the first real thursday this stock has traded. So you basically have no clue what it will do tomorrow and no evidence to support your theory. Right now all you got is wishful thinking...
Lol this play has done farrrrr more volume than any other APS play to date. Lie number one debunked. The stock already hit a high of .72, so its already past your so called "peak" of .70, lie number 2 debunked...APS already confrimed this was a 1 month promo, lie number 3 debunked.... APS is getting "desperate"? LOL its APS they can take this stock up at any point when ever they want to, APS does not rely on volume, they can move it by them selfs and do so all the time....Lie number 4 debunked.....
Only n00b here sounds like your self, sorry you missed the boat, but hey, hope that taught you not to flip these...
This isn't NSRS..... Its ok, we know you missed the run, the big gap coming tomorrow, and the am run.... You should be able to get back in some where in the low to mid 70s!
This is what all of the n00bs don't understand about APS plays, just when it looks like another sideways day, they will drop the massive multi-million bid support out of no where and buy up all the shares on the ask and drive the price up huge. I bet they caught a lot of amateurs off guard today with that rally into close.
When these guys want it to run, they will run it huge, with massive bid support, out of no where and if your not in you get burned big time!
IMO if you add .50 to .30 you will get a very realistic price for where I think our PPS will be at by thursday...
Exactly, the law is VERY clear on what you can and can't do in regards to paid stock promotions, both for the company and for the 3rd party who is getting paid to promote it. Both parties are doing everything by the books and have not broken a single US law....
The same people like to make noise on all the major promo boards... But anyone who knows what the laws are knows these guys are in full respect of them and always have been. Hence why they have never ran into any legal problems or any of their stocks have ever got halted...
Oh yes, something that is COMPLETELY unproveable in a court of law.... Nice try there, but there is a reason why not of the big promo groups have EVER been arrested nor have any of their stocks EVER been halted....