Just going to think out loud..............
Been here for awhile but do not post much so.... Hello to all.
The events that we are currently aware of are this Maxim meeting? and the upcoming annual and special meeting around March 26, 2015. There might be some new manufacturing to report on those 6 month delayed Focalin doses too.
I always think it's funny when a company calls an "Annual" meeting "Special". Still waiting for that "Special" part! Usually good news seems to catch me by surprise, it's never announced coming in advance. But here I will just be surprised that it took so long to arrive.
I'm an amateur chartist- So keeping this in mind:
This stock has a history of two hard upward spikes and retracement. I got in at the middle of 2013 and then sold all on the way above six dollars. Then started buying back in the low fours believing that some news was coming in 2014.
Many of the same peeps around here were posting good news back then, but being positive now over a year later makes even more sense. Today I am still upside down from the 2014 buys over 4 dollars. I did add some in the low 2's so my avg. is just under 3 dollars now. Should of got more, uh huh, (like usual).
First, if nothing happens by the General meeting, FARK! But at least the market action is eluding that something is happening.
I've still got big hopes for this one. I'm sure that if any FDA approval is announced or Maxim or drug news etc., there will be another hard spike up with the usual retracement, unless the company can follow up with a series of developments or more approvals.
How high will or can it really go?
That's what I want to talk about (So feel free to comment):
I looked at a ten year chart and came up with $4.08 as an average price between horizontal highs and lows. So we are a little over a buck below that average price. Since the downward trend is broken in the past few months, I think $4.08 is very doable and there seems to be slight resistance @ 3 and 3.5 on the way to 4.0
This I figure is coming eventually without real news, just continued operations and the small milestones like the earnings going greener (continued earnings to the upside of the estimated earnings) and market speculation. Hopefully the volume will increase also.
I also looked at the two pops with news and they look to be around 100%-150% pops, (I really think it depends on how good the news is):
So if good news hit Monday, a 100% to 150% top is $5.80 to $7.25 off Friday's high, or $5.40 to $6.85 if you calculate from Thursday allowing for a info leak. The two big historic pops both end up retracing all of their gains (but it took the PPS over a year to retrace in both occurrences). Therefore, I am thinking if you miss your chance at the very top to sell, then just buy more in the initial dip, and sell some at the second top. But you also could just wait for further news and that is the beauty of it, FDA news is really over due. It would be nice if the approvals came out in the timespan they were submitted- We would go climbing like we were on a ladder.
Where could this stock go? Well it could just go back down Monday and still become 20, 50, or $100 Dollar stock? Sure, I guess.
On the Side:
The Fed announcement did not change the cheap investing money availability for now, and stocks in general, should soar until this changes. And I expect good IPCI news before FED rate hike news.
(See Sidebar on Fed)
Also, Cramer pushed the Pharmaceuticals sector at the end of the week saying " I think they (the pharma stocks) still have room to go higher".
So if IPCI can make a little noise here and get on the radar screen, investors wanting to continue using the pharma sector as a profit generator might find it. Especially after so many other pharm stocks have already ran up and don't look as juicy as this one.
GLTA- Lets breakout and not look back!
Sidebar: For those of you whom think what the Fed does to interest rates is important: IMO, the general market could plummet in the first week after the Fed signals the beginning of rate hikes. IMO- Because there are many investors very comfortable now taking big stock positions using 0% loans.
JMHO- This will probably affect good stocks too and could present a small window of IPCI buying opportunity.
