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Ha, I remember you used to play something similar back a long time ago. I believe the ticker was RICKS
Abbreviation for Advisory Committee. It is the panel that meets to discuss and make recommendations to FDA on approval or denial of drug. They almost always go with the panels decision.
I grabbed some ETRM here to play a possible run into the ADCOM. I don't love it, but do think it should be okay for a flip.
Yeah, still watching it.
I might join you. I haven't found anything of interest lately. Had SYN on watch, but missed my entry and it shot up. VTUS is getting close to trading at cash value. I am assuming somewhere around 1.30 considering their burn rate.
Thanks...I have it on watch.
Ha, it agreed with you that it was undervalued.
It could go big to the upside if the 510k gets the okay. I just thought about playing the run up towards the 90 day timeframe, but we are around 45 days in and it has just channeled in this range. I only had a small amount and thought about letting it ride...chickened out though.
I gave up on ATOS. It just seems stuck in this range.
That is the placebo effect for you. We could definitely lower healthcare costs if everyone just took sugar pills for their ailments.
They said the placebo had a higher success rate than predicted. Essentially the drug didn't perform a statistically significant amount better than the placebo group.
They have a strong cash position (around 1.50 a share I believe), but they also have a high burn rate currently. I am assuming they will have to conduct another Phase III. I think the downside risk is limited, but not sure of the short-term potential other than unexpected news or a bottom bounce.
Could be a good one. I think they have a fairly strong cash position. I will do some digging tonight.
Yeah, it is looking a little better the past few days. Could fly on good news.
It is a high risk/high reward trade potentially, but I think the reward outweighs the risk on this one (downside already somewhat priced in). I am in for a small amount.
I grabbed some ATOS and it is starting to move. It is a risk/reward play. I feel the risk should be somewhat limited on bad news from the recent offering executed at 2.40. I could easily see a double on positive news from the FDA. I am only in for a small amount.
LJPCD moving on news they will uplist to Nasdaq.
Nice one!
Typical sell the news reaction. I will watch for a possible reentry point.
I tried to grab some of that back when it was around .50. I am kicking myself now.
LJPCD still flying after the R/S and up listing. I wish I wouldn't have sold half now. Almost .20 now from .15 on a pre-split basis.
I have no idea, but it is trading around the range of the targets I had seen on it.
Yeah, I sold part when they announced it and it had a nice run up. One of those unusual cases where the R/S was taken as good news. They submitted a plan to uplist to the Nasdaq, which is why the news was well accepted. I am still holding a few shares and it was up again today after the split. Not like those penny reverse splits we are used to seeing!
I had looked at that one, but holding through an FDA decision is always risky.
BISU slow and steady.
The chart is shaping up nicely on BISU.
LJPC looking good today!
BISU was looking good.
In LJPC here. They have restructured and I like some of the funds that it has recently attracted. Tang usually does fairly well and I have followed some of his holdings for a few years. I just grabbed a starter here.
Hope you are doing well bilgert. I guess everyone is coming out of retirement this week.
Hey skip! Good to see you around again.
Looking good here!
BISU looking better.
Out of APPY again for a nice return. In at 1.83 out at 2.35
Looking good!
I grabbed some BISU
Thanks...I have flipped it a few times before, but I am holding out for a higher price this time.
Back in APPY again.
SLTM!!! Got the buyout news I was looking for and up 40%!!! I loaded the boat on this one.
Took my loss on ITMV and moved on.