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Yep, still waiting for that aggressive up move.
No kidding, what happened to your prediction that this should start a slow and steady run up after the first dose of NEO?
That 10% is gone, what's the point?
Down 25% in two weeks. Really close to down 75% from before the offering.
I think the massive tax apocalypse just happened. It's down more than 50% since 9/27. Of course down about 70% since 9/6.
Very heavy volume today, maybe a good sign it's not down more than this.
Relatively heavy volume today, apparently driven by sellers.
What exactly is the theory this week?
Could be, but maybe it already happened. Don't have to wait until the end of the year.
Not sure why, but I kind of agree with the glimmer of hope. Seems like much of the bad news may now be out of the way, will be a while until there is any potential really good news, but it looks like a little bit less uncertainty now, which may be a good thing.
That's putting a very positive spin on recent price action.
I think there will be a PR either after the close today or before the open tomorrow, then the conference call will discuss that information.
Well, 6 months or so ago you thought the rest of had no clue when you were convinced a buyout was happening, with any luck you are just as accurate this time.
I don't understand how any of this about IR matters for anything.
FWIW, she was listed on the press release last Friday.
Every time I have heard talk about scare tactics, in the end the scare tactics should have been heeded.
Lately once it goes negative, it never comes back.
Down 17% from the high on Friday.
Some folks? What folks?
I know, it's priced in already.
Well, I disagree, I think the share price already reflects zero revenue from AXAL, so officially putting it on the shelf will mean lower costs, which is a net positive from where we are now.
Although I'm hard pressed to disagree, I don't quite see why they would schedule any call a week in advance for outright bad news, what's the point? Just have a press release for the bad news and be done with it. However I agree with Dew, a wind down of AXAL would not be seen as negative.
NTGN also getting clobbered, seems like this might be an overall rout in the neoantigen space.
Looks like it will get there today.
Why are you so convinced that it's not just more sellers than buyers every day, which would have the same effect?
So much for the low of $0.58, smashed through that in no time.
I think it's more business/finance than science. The science may be fine, but right now it's a painful path to market.
Thanks, that sounds a lot better. Agreed, obviously there is still huge risk here.
Hovacre, appreciate your candor as always, but this is a most depressing assessment. So the only possible good news in the short term is a partnership for either AXAL or HOT, really nothing else on the near horizon. I guess right now it truly is a case of no news is bad news.
Just as bad, a 28% drop in 9 trading days.
I was comparing NEO to the NTGN approach, which is what the thread was discussing, not ADRO.
It has been dropping for nearly three weeks, ever since the CF conference. Seems like the market was expecting something different, or at least wasn't happy with the same old presentation.
It's quite different, but better or worse is anybody's guess.
Thanks for the summary and insight.
Hovacre, could you please summarize the results?
Oh yeah, 1.02 would have been a big loss, but 0.645 is an even bigger loss. Like I said, should have followed your lead, or least sold when it got back anywhere near 1.0 a few weeks ago.
Pretty brutal for the last few weeks, down 17% this week and 31% in three weeks. It was 1.02 on the first day of the new offering, so down 37% since that time. I'd have to say I don't really understand the complete collapse since the new offering. I wish I had followed Batermere's lead.
Looks like no late day rally like yesterday.
Not quite true, if they (AMGN) were convinced they would have to pay milestones and royalties in the future, then a buyout could be a better solution.
This is just incredible, down 10 out of 14 days, and now down more than 30% in three weeks.