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Check out the chart on PRTK. That weekly and daily both look pretty damn nice here. Looking at the weekly here that 50DMA is cruising along. This break out here could be looking at a golden soon enough on the chart. Break 8.49 and we flip the SAR 8.96 takes out the 200 DMA. This could see $12 soon.
Just bought 400 shares. We shall see.
RIOT is one I have been toying with. If bit coin has another major move soon up to 70K this stock could see 80-90 easy IMO. Yes its a gamble bit coin could go lower but it is It just made a head and shoulders on he 5 day chart. Who knows!
Bro Look at the chart on PRTK the weekly and daily are looking good. Just flipped the SAR on both. I really like the Weekly here. Right at a break out point. I think I am going to pick up a few and see what it does.
Bro I hear ya but lets not forget that Biotech in general is down right now. I have probably 15 plays on my watch list and they have all been beat down the last 2-3 weeks.
True but again if their bladder cancer drug gets approved this one will be much higher.
You can raise the AS but not the issued shares. The AS is the pool they grab out of for all corporate reasons. If they have no plans to issue the shares on the open market then it does not dilute the current shares holders. Its when they do a raise and then start issuing new shares. Again they have not issued new shares since 2014 so they do not have a habit of dilution like some. Think of it this way. Lets say company X goes out and get a line of credit for 400 million dollars but they do not take on any of that debt until they actually start tapping the line of credit.
Hey I know you were worried. I read this the other day.
Dr. Thomas Cannell, president and chief executive officer of Sesen Bio ( SESN
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). “We have not requested an increase since going public in 2014, and we believe the requested increase will allow us to execute on our strategy as we transition into a commercial, revenue generating company. We are committed to issue shares to support our strategic initiatives which we believe drive value for stockholders, such as the planned commercialization of Vicineum™ and advancing our promising pipeline.”
Since the proposed increase to the number of authorized shares of common stock will not affect the number of shares outstanding, it will not by itself have a dilutive effect on the Company’s current stockholders. Sesen Bio ( SESN
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) believes this increase will be enough to achieve corporate profitability, and therefore the Company is hopeful this may be the last time it needs to request additional shares.
I really feel this is being done to prepare for the launch of their new drug.
I hear ya! We find out soon.
True but many great Bios do it. If their approval on the drug comes they will need cash especially since they look like they could be launching pretty close with 3 markets. I have seen many bios do it and their stock still does very well due to the news. Again I dont see them doing any of this until they actually get approval. By then this stock can be $7 easy. Lets face it if their drug is approved it will probably be the new standard of care being its results are better then the current drug. Also Astrazeneca is working with them. They get approval and I would not doubt at all they get a buy out offer. Again you know me and I never use that term until I see the news. But my personal opinion SESN could be a prime candidate. But again not in the stock for that I still feel their drug does get approval.
SESN bought another 1500 shares today. I like the chart shape up going on. The MACD is about to flip up again on the daily. I think we break that 3.30 range and flip the SAR. If that happens this stock could really get moving. I personally feel as this gets close to the June 1st date this one could go.
BRIEF-Sesen Bio Says Will Be Participating In A Late-Cycle Meeting With U.S. FDA To Discuss BLA For Vicineum On June 1, 2021 In U.S.
BY Reuters
— 9:26 AM ET 03/30/2021
March 30 (Reuters) - Sesen Bio Inc ( SESN
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):
* SESEN BIO INC ( SESN
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) - WILL BE PARTICIPATING IN A LATE-CYCLE MEETING WITH U.S. FDA TO DISCUSS BLA FOR VICINEUM ON JUNE 1, 2021 IN U.S.
* SESEN BIO INC ( SESN
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) - REMAINS ON-TRACK FOR POTENTIAL APPROVAL OF VICINEUM IN EUROPE IN EARLY 2022
* SESEN BIO ( SESN ) - QILU PHARMA ANTICIPATES SUBMISSION OF PRODUCT MARKET APPLICATION FOR VICINEUM IN 2022 WITH POTENTIAL APPROVAL IN CHINA EXPECTED IN 2023
* SESEN BIO INC ( SESN
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) - ANTICIPATES FIRST WAVE OF POTENTIAL COUNTRY APPROVALS FOR VICINEUM IN MENA REGION AS EARLY AS 2022
They are getting very close IMO to seeing their bladder cancer drug approved not only in the US but in Europe and China. All of this within the next year and a half. Looks cheap to me here. Again with the FDA it can go either way but the data IMO was for sure good enough for approval.
SESN did have a solid run from 2.40 to 3.50 so a pull back was expected. Again I am looking at the longer play on this one. Lets face it the Golden just took place on the weekly and the weekly just flipped the SAR. Still looking solid.
VBIV IMO is being accumulated. This one pops nice pulls back and then repeats. Its been doing this for a few weeks now. With 40 million shares short the last time I checked it makes sense. Shorts better pick up their shares soon. One of these days this stock is going to announce approval and that squeeze will be on.
Lets see where the market takes this one. I think we see $5 soon.
Thanks! Now lets here about approval in the US.
I hear ya, I think VBIV is getting accumulated looking at the action. Not to mention that last time I looked there was like 40 million short.
You are all over my game plan from the sounds of it. VBIV is my number 1 and SESN is my number 2.
SESN is rolling here!!!
I plan on Adding some SESN tomorrow. I really love the Chart on this one. That 50DMA is rapidly approaching the 200DMA on the weekly. The Full STO just crossed up on the weekly as well. The Daily MACD just popped and flipped the SAR. I think this one is getting ready for a big ride. I mean good god a company at their market cap that has a huge shot at a bladder cancer drug approval. I think this one has a nice run up coming. Also volume has been really starting to pick up here the last week.
SESN looks good!!
I think SESN is a double from here. I think they have a great shot at approval on their bladder cancer drug.
SESN keeping my eye on a $3.20 break here!
VBIV like clock work. Run it up and then bring it back down. Been doing this for the last two weeks. Looks to me like someone is trying to control the price here.
Yup VBIV is on the verge of a big move IMO. I think we will wake up one morning to this trading $6-7 PM.
Thanks broseph!!! VBIV IMO is way too cheap here. Approval around the corner IMO.
Not familiar with this one. Will need to look at it.
VBIV Here we go!! Chart is looking very nice!!
SESN just flipped the SAR on the daily!!!
VBIV the MACD on the daily just popped green!!!
SESN I really like this chart here. This thing could blow up soon.
SESN 2.96 lets break $3 here!!
SESN breaks $3 and this one gets some legs IMO. This stock is looking cheap here. They are very close to IMO getting approval on a bladder cancer drug. This is a huge market!
SESN adding shares here. I love the chart on this one here. The weekly is about to have the golden cross. The Daily is close to flipping the SAR. We break $3 and this one could get some nice legs.
SESN keep your eye on this one. That Weekly chart is getting close to that golden cross. This one is looking very likely to get approval on their bladder cancer drug. I think this one could be in for a big move soon. I am locked and loaded on this one as well.
Filled my $3.15 on VBIV.
VBIV flipped the SAR on the daily today. I have another small order in at $3.15 right now. This one is my biggest position. I still feel this one is going to pop so hard soon.
Keep your eye on SESN. I think this one could get some legs soon.
I just added 3K VBIV. First purchase of any stock in about 3 weeks. I like the action on this one here. Runs up quick and they pull it back. I think a break of $4 is coming real soon.
Right there with you. I am ok holding my current stocks. Up down don't care at this point.
Afternoon people!! I am still here and around. Just been super busy at work the last month. Right now just holding what I have and not buying or selling anything new. Hope everyone is doing great!