I like to GNR8NRG
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Yep got us 15% in a two day move. (22 to 25.5's) Stalled on 3rd day and started heading down closing below 25. Still a very good run for golden cross but the 'upgrade' is the 'reason' why...
Needs to hold the 22-22.5 support/past resistance. I'm not a TA guy but I sure am learning to pay attention to it more and more.
My first post here almost 9 years ago...I'm not as focused on pain now and just hoping 'P' will flourish...
I just keep this in mind when looking for a new partner. This was before approval and the deal we got after getting denied 1st time around...
"In December 2012, Braeburn licensed exclusive commercialization rights to the drug in the U.S. and Canada, from Titan Pharmaceuticals Inc., of South San Francisco, in return for a nonrefundable up-front payment of $15.75 million, to $50 million upon approval by the FDA to treat opioid dependence, up to $130 million in sales milestones and up to $35 million in regulatory milestones for additional contemplated indications, including chronic pain. Titan also is eligible for tiered, double-digit percentage royalties on net sales."
With 21 million shares I like my chances even if we dillute before partnering...
Is that a golden cross I see?!? 50 and 100 DMA about to cross.
I'm hedged just in case.
I bought back my 10,000 shares first thing this morning .85 average. I bought that many in .60s but usually stayed in 2-4 K range. We dropped below a buck because of time and a big seller getting out. We popped from a buck to 1.40 just off of hearing we were ‘in talks’ to get P back. That “uncertainty” has turned to 100% certainty and i saw the ask was only .85 which was where i flipped my 60’s so its good to be lucky that this excellent news fell on sleepy ears. Also texted my friend who got out on approval. Dont know if he got back in but this news is excellent now the uncertainty is does Titan dilute for more funds, find a partner or just sell the whole thing. Either way i find value with this news.
We're going up even with the CMF in the red. Imagine how high it goes once green again.
OR
That red is selling that PPS will follow later. There I covered all my bases. LOL
6 months later...Gold at 1292 RNSGF under .18 hummm
YEP
That 'upgrade' to me was a signal. Wish I'd went all in as the stock broke 21 after the ER. I did good but all the eggs in one basket, esp. VRX basket is never a bright idea.
I guess none of this matters when VRX changes to BHC, (new chart) but I'm glad I started obsessing on the chart as of late. Wish they'd fill the 75 gap before then. LOL
VRX must be McDonalds because 'I'm McLovin it' LOL
Really like the look of the chart. Got that close above 20.50 @ 20.85 on close to 11 million shares.
50-Day 16.79
100-Day 18.50
200-Day 16.60
(.19 and pulling away quick)
52 week low 10.94 is going to be with us until November before we ran to 24.43. I'm thinking we will break that soon as the chart is looking real good and the momo might take us into 30's before a pull back. It's been a while but 26-28 had some levels of support/resistance back when we first fell years ago. 32-34 were the other ones. My WAG is 32.50 before any pullback of 15% or more. No logic, just a WAG
All IMO of course.
Most biotechs rallied. All bark, no bite.
Trump's biotech speech caused a POP in almost every biotech I watch. Thinking is all talk no action so up they all went. Clinton kept biotech depressed and Trump got a first bump but also talks about biotech like he does Amazon. The uncertainty of his speech was more worrisome than the 'bite' of it.
Didn't hit 11 but came close. We closed above 20.50 which was old resistance, so we are probably going to get new faces here as we run and the GS 16 will have to wait for a pullback at another time. If we hit 16 I know I'll add again for more 6 flags fun. What a ride...
It will hit 21 today...If not I just want it to close above 20.50.
Trump must have been nice to biotech as it looks like they all jumped at the same time.
Looking good, except for possible 'gap to fill in 18's but who knows... Needs to stay above old 20.50 resistence but 'death cross is off the table. Got within .03 before ER, but now .11 and climbing as long as we stay above the 50 DMA. 52 week low now 10.94 WWWEEEE...
50-Day 16.69
100-Day 18.49
200-Day 16.58
Like the pushing debt out but might be an excuse to fill that gap. I'm hedged if it does.
I'm NUTZ too, so I'd like that.
I was here when TTP delisted into TTNP. Bought almost 24,000 shares 800. and watched it go from .05 to 1.50-1.70 overnight POP. (sold 2.25 avg if you look up my 2009 posts.) We had an even bleaker future then and have had 2 drugs approved but 'F' and getting involved with Deerfield crushed us. Then 'P' 1st rejection crushed us again I'm a gambler when it comes to stocks. Vegas for EDC next week, but I'll put much less in the slots than I did in TTNP. LOL
Things look pretty binary here to me. We get 'P' back or we run out of money. LOL Oh why do I like the DRAMA. LOL
I'm thinking POP then a drop like many other biotechs have done recently like TEVA. Unless they raise guidance higher than what they lowered it from, but I doubt they do that. I sold my 18 calls that expire next week and was going to hold them to sell on any pop/drop situation but made a good % in a few days to risk it going down and becoming worthless. My other calls are green enough that if they go red I'll be more than happy to add to my collection. The question for me is to buy puts or not.
It'd be another RS...Not sure I'd stick around for that.
If things don't get resolved soon then I'd expect an offering. Hope not but it's very possible.
It would only take a million shares to take us down there and if it does I'm BUYING!!!
I figured it out already...66 is .12 quite depressing. I think somebody wanted out but there's no buyers until news...I expected to see a PR saying they dilluted but maybe someone just wanted out.
Bought my first taste back since selling last ER
6.42 is the 200DMA so it was close enough to buy but not all in. Just in case it breaks below it, which might happen with market correction. Will buy the dip if strong enough before ER.
Next week May 8th
18.50 printed today but the 100 DMA has moved up to 18.55 but YEAH!!!
Next direction depends on ER. Normally we dropped heading into ER and then POP. Now we're heading higher and there was one ER where we POPPED and then sold off. Need #'s to feel comfortable so I lightened my calls slightly and have puts to hedge. Here we go...
52 week low now 9.36 so more than a buck higher from last year's 8.31 low.
52 week low now 9.13 and climbing
I think stall, but my positioning says differently. I'd like to add some puts to hedge but...Not sure how far out I'd want to go out because even if we stall, I think we are going up and setting new 52 week high within this year.
Looks like a nice U for forming a cup and handle pattern too.
Yes, I do enjoy talking to myself.
So currently the 50 DMA is the only one heading down.
200, 100 and even 10 DMA's all heading higher.
That sounds good except for the possibility of a 'death cross' setting up if we don't get the 50 DMA up quick...
However we'd probably get a golden cross not much longer after that...
And none of this really matters right...
Our 52 week low days are about to be erased...
04/24/2017 8.56 8.78 8.3109 8.6 15,662,520
04/21/2017 8.93 8.99 8.36 8.51 27,985,840
The week of ER after that low...LOOK at the VOLUME!!!
05/12/2017 13.68 14.1 13.41 13.59 38,695,920
05/11/2017 12.79 14.55 12.35 13.8 106,944,800
05/10/2017 12.03 12.93 11.78 12.68 64,297,550
05/09/2017 11.3 12.43 10.57 12.05 125,207,700
05/08/2017 10.05 10.05 9.7 9.71 12,465,790
Soon, (ER week) if things go well. The new 52 week low should be 10.94 (30%+ higher)from(11/2/17) after H&S pattern right before another ER...
None of this matters. Just something for me to obsess on.
VRX hit 17.40 today, then went below 17 for a few then right back up and currently 17.28. So it bounced before going below the 50 DMA. Stay above 17 and make a run for the 100 DMA next week. :D
Still looking good, but it is VRX so...LOL
VRX currently 16.60 hopefully closes above 200 DMA and maybe above 50 MDA tomorrow. That would make a good run for that 100 DMA next week or two.
50-Day 16.75
100-Day 18.39
200-Day 16.49
Found out another guy I knew of died 'partying' with the same guy my friend died with. Rumors are the H is laced with P and that an old friend is the one selling it...The fact I can hear these 'rumors' without being in touch with many from that era/area means trouble is brewing...Doubt TTNP could help those I knew but for an area known more for 420, it sure sounds like something about to go down.
Don't know how high the next wave is (25-32)but I don't think it will trade below 18.50 once it's fully employed. My reasoning, is patterns...
The 52 week low was 8.31 30% higher is above 10.80
Looking at the IHUB chart, once we broke 18 we got a low of 10.94 before the next wave to 24.43
10.94 plus 30% is above 14.22 and the recent dip was to 14.44. So if 14.44 is the lowest we go before the next wave up then 30% higher is above 18.77
Resistance is 18.50 so once we break and hold that the 3rd wave should take us well above 25. Of course this is all BS but just something fun to OCD on. LOL
Things are turning around...
"Mizuho analyst Irina Koffler says her improved outlook (NEUTRAL/$15) on Valeant Pharmaceuticals (NYSE:VRX) is due to the elimination of "near-term sell catalysts" and a realistic 2018 forecast"
200 DMA 16.48
100 DMA 18.33
50 DMA 17
I think we start testing these before ER.
Currently VRX is 15.44
RSI 42.52
CMF -0.043 about to go green after being mostly red since our 52 week high.
Our 52 week low of 8.31 will be moving higher this month as the first wave started in April 2017. I honestly thought we'd fill the gap from ER before that wave around 12 bucks but now I'm thinking were about to go 'off to the races' things seem different, but that doesn't mean we don't keep going down. I'm just thinking it's GO time.
15 base? It looks like it's tightening, but as it tightens it seems to tighten lower and lower.
Wwweeee
Dipped below 16 and having a hard time staying above it... 15.50 new base so it's a slow lower but I have to wonder if we might rip higher because something seems different from the past...I keep expecting lawsuits to POP out of nowhere and crush the PPS but only crickets chirping on that front...HUMMM
I'm thinking lower like the old ways of diving before ER...
Seems to forming a 16 base before going a direction. Up or down I have no idea but will play accordingly.
Takes the pressure off, but still need better news to make this thing never look back.
Thanks all and my condolences to that family. To lose a child is hard enough but to happen in the family home is devastating.