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Of course the drug is hyped up prior to the panel. Most of the articles I have read leading up to this now skewed positive hype is that the drug's efficacy is next to none. Only one out of every four actually see any results and those results are 5% weight loss in a year. I think the panel will see the drug for what it is: a placebo. We, of course, won't know for sure until tomorrow however.
Until a partner for Stendra is announced, ARNA's panel tomorrow will determine how our stock will be moving in the coming weeks. If they get a very positive panel vote, we will see a move down, if they get an even panel vote, VVUS will remain neutral, and if they get torn to shreds (as is expected), VVUS will move up.
As for ARNA's PDUFA date, I feel that regardless of what happens, it is good news for VVUS. If Lorcaserin get approved, it pretty much ensures that Qnexa will also get approved. If it gets rejected, it means less competition for when Qnexa is approved.
Vivus will be holding a conference call at 4:30pm EST today (5 minutes from now) which will be streamed live online here: http://ir.vivus.com/eventdetail.cfm?eventid=112850
If you miss it, it will be available on their Investor Relations page here: http://ir.vivus.com/releases.cfm
VVUS misses analyst estimates by $.06. Loss of $.20 per share. Down over a dollar in after-hours trading.
http://www.marketwatch.com/story/vivus-reports-first-quarter-2012-financial-results-2012-05-07
I disagree. I think there are many catalysts that would make you want to keep your money in until approval day. With the approval of Stendra, VVUS is no longer a $7 stock. Stendra has the possibility of taking a big chunk out of Viagra's market. Pfizer just made an announcement that they are looking for mid-size drug deals (http://www.reuters.com/article/2012/05/01/us-pfizer-idUSBRE8401GQ20120501?feedType=RSS&feedName=innovationNews&rpc=43). Plus. VVUS is holding a conference call on May 7th, which will keep all eyes on them. And technically, the FDA could announce approval any day... They don't HAVE to wait.
Do you guys think the hype will last to approval day? I think so.
There is always a possibility of a buyout. I don't see it going down below $22 again unless Qnexa is rejected.
Today will determine how the next couple of months leading up to Qnexa's approval will be probably.
You should let him think that he is correct and have him tell all his friends. Maybe the price will break out of the current window then! haha
Depressing re-open. Monday will hopefully be better
Can't wait! I bet we see $30 - $32
I was very entertained with the way it read without the "not". Sounded so cynical.
Doubled my stake today. This baby's gonna be breaking out soon with all this good news coming up.
This stock is looking SO much better than it did just a few weeks ago. Lots of promise in this one. I can see a dollar, two dollars, three dollars, maybe even more if this portfolio gets sold for more than analysts are expecting.
Massive sell-offs are going to happen on the way up. Don't worry, it'll recover.
If we're moving like this on the news that the Patent Sale is HAPPENING, imagine where we'll be when they are actually sold! I'm excited for a buck!
I don't think this support will be able to hold all day. I see $26.50 by the bell.
I was going to ask the same thing. It might just be people giving up. I was thinking about just selling as well.
Support at $27.00.
First Solar shares up on new project
http://247wallst.com/2012/03/13/new-first-solar-project-bumps-shares-fslr-nrg-brk-a/
Is this project going to keep FSLR on the rise tomorrow?
With only 271.42 million shares, why the hell is the pps so low? I mean I understand the risk but this is an extremely low price for the risk involved in my opinion.
First Solar, Inc. (NASDAQ: FSLR) Maintained Hold but cut target to $30 at Canaccord Genuity.
Today's not over. I want to see +1 hold for the rest of the day. Then I'll enjoy it! haha
Is this causing the downturn? I was expecting a big jump up today.
Here's that bounce. Don't expect it to go up too much. Still a lot of bashing on this stock.
Very interesting table. Maybe we have reached a bottom finally.
Starting up is a good sign.
I got in at $30. It hurts, but I still believe I'll at least get my money back and probably more. I was stupid to come in without an established bottom, but it'll bounce eventually.
I laughed so hard when I saw an article saying "Stock plummet due to Greece" and the only stock up in my entire portfolio was, of course, the bank of Greece!
You've got it. A lot of companies would love to have those patents. Apple wants to stomp them out until they're worthless.
I like to think that the PPS can go up on a patent sale or good news from the courts, but I get more and more skeptical as time goes on.
Yes that's what I meant haha oops. Yeah it isn't looking good.
Holding 28 shouldn't be a problem today. Tomorrow and the rest of the week is questionable.
New level of resistance at $28. Will it bounce or break?
It's really a shame. There was so much resistance showing on Friday. This week is going to be interesting.
Bouncing back to $40 very soon
I wouldn't go that far. I could see it dropping back down to $18 though
The stock is overbought with a ton of shorts. Not a good combination