Waiting patiently for IGXT to become that 20-bagger it ought to become
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Alias Born | 03/19/2011 |
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3 times average volume today, HOD more than 5% over yesterday's close, volume has gone up in the last few days. Volume before price always!
Sheff is back in. My shares liked this :)
In the last few months, Sheff has stayed with very tight catalysts because of the very indecent correction we faced in march, april and may. I believe he is now back with his old habit, which is to get in early and rack in singles, doubles or triples (20,40 or 60%).
He has more confidence in the markets. And the IBB is pretty close to its 52 week high. He is going to stay atleast until 1.50 in my opinion.
I'm expecting, at the very least, a spike to the 2.30s in the next 5 trading days. ADCOM meeting is on the 17th of june.
MACD crossing
Seems to me it is doubling every quarter haha... Yes I know, but I find it funny anyway :)
I'm starting a new position in IGXT, bought my first shares at 0.75 in the last trading session, and will look forward to adding more around that point :)
Makes a lot of sense. Thanks for your insight!
Why not?
Do you think it is market lag?
41379 shares have traded for 2.26 AH. Someone knows something...
The chart looks great, ETRM is starting to trend up again :)
Same here lol.
(sorry for previous post, please delete it)
I expect ETRM to hit at least 4.00 per share before the ADCOM date on May 29th. I have orders in to sell at 3.95.
Hello everyone, I am new to ETRM. I was doing DD yesterday and earlier today and I have decided to get on the train!
I currently own 48500 shares at an average of 2.367. Bought in less than an hour ago.
I am mainly here for the ADCOM in late may, and I will be leaving before we reach that date (sometime very close to ADCOM, most likely).
Raised my orders to buy at 0.71 from 0.60.
Sure! To each their own strategy!
I know I would sell, as I am convinced this is going in the .60s, where my buy orders are :)
Now is a great opportunity to sell those shares you just bought, haha!
I really liked what I saw today :)
I want a bigger position this time, I will try to get some more money freed and transfered to my account in the next week or two.
I often hear about ''fake asks'' and ''fake bids''.
Do these even exist? Could this guy on ATFD be a fake ask?
Chemist, looks like you might be back in today! :)
Edit : nevermind haha...
Over 700,000 shares on the ask less than a penny away from the actual trading price! Could there be a bear raid building up?
You are right (and I guess I just didn't want to see it... ;)).
But financials will likely not change at all within the next 3 months. Payments would not come as fast.
We should be getting the yearly results (10K form) at about mid March. And then the quarterly results (10Q form) mid May.
I expect results similar to last quarter/last yearly. Nothing much has changed except for the money that has been raised, which is already reserved for manufacturing equipment.
I expect the market to react negatively to these reports because the financial situation will not have improved over time. 10K release might be a great opportunity to buy!
And from me! ;)
In light of the recent DD, kindly done and shared by Gary, I have modified my plan a little bit.
I still have orders in at 0.60, I will still allow myself to buy up to 0.70 (but nothing more).
I have modified the timeframe in which I want to buy. It is now extended from february 28th to march 31st.
The reason for that modification is because of the extended timeframe from what I first thought would take to get a second chance at the FDA. I am also very motivated to get back in because we will get a second PDUFA date, giving us a better chance at over-a-dollar prices.
Ouch... big lesson there! I will try to learn from it as well.
And excellent DD you have done here! Thanks to you, we now know exactly how it's going to happen :)
It will give us extra opportunities to swing trade this baby.
Humm. You have me conflicted here!
I also believe that there won't be a specific date, and that the migraine film will get its approval.
I think it's probably going to be 2 months before we hear about it, as it's probably a Class 1 resubmit. Class 2 would be 6 months though...
But as of the reaction to the approval, we differ. I believe it's going to be something closer to what happened to IPCI prior to the CRL we received here. The surprising will have people buy, and then sell, and then make us settle in a new trading range.
I will be buying before the FDA approves this drug.
Comment on IGXT by Sheff here :
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96913999
Opinions are always welcome, as long as people don't try to force them into me as facts! Yours is well argumented and makes a lot of sense.
I don't mind taking risks at my young age. And here, IGXT is 95% de-risked in my opinion. Volume is low, so I do believe the price will decrease over time. Then I'll time my entry. I will take what the market gives me, we don't have a choice there!
I must say I'm very happy to see today's volume under one million shares. Lower volume usually means back to business, and we all know that IGXT tends to go down when volume dries up.
Can't wait to get back :)
My goal is still 0.60 per share, but I might allow myself to buy as high as 0.70. No more, though!
Well now you know for sure :)
And I was talking to you thanks
Everyone to his own trading strategy.
You've got your own, he has his.
I was looking at a post over there on Sheff's board, and a lot of people seem to think biotechs are too heated at the moment and are due for a correction somewhere this year.
The biotech Index's chart does seem to be over stretched.
What do you guys think? I don't think that would affect IGXT much because it is too small and mainly news driven at the moment.
Do I understand you plan on getting back into the IGXT game? :)
Alright.
Down 15% after a CRL is not so bad. But the CRL was a pretty good one (if it can be), so it was expected that the stock would drop.
It held good so far, in my opinion.
I have raised my buy orders to 0.60, as I believe, after more reflexion, that it will most likely not get to the 0.50s again. I am expecting the stock to go down slowly over the next few weeks and I hope to be able to buy back at the earliest opportunity!
I'm glad I sold yesterday at 1.08 :)
Glad that I sticked to my plan.
I have orders in at 0.50. Pretty it's not going to get filed, but you never know! I will get back in only if it gets into the 0.50s today or when the dust finally settles.
They received FDA approval in november 2011 for Forfivo XL.
Thanks!
I had a plan, I respected it. But now I feel kind of sad at what i'm seeing ;)
But hey, I still made quite a few dollars here, nothing to complain about!
Well looks like I sold just prior to this wall breaking!
Damned I am :P
Just sold everything at 1.08.
I have decided I didn't want to take the risk of losing what I have won recently.
I have made between 45 and 50,000$ since the start of the year on IGXT alone :)
Pretty sure trading will be halted only if the decision is announced during trading hours. Am I wrong?