Just seems like a very peculiar recommendation given the claimed perspective. A recommendation to wait for another mere 10-15% drop to simply doesn't seem justifiable given the risk of missing XXX% gains on simple news that we all expect coming in the near term (perhaps a few months, perhaps longer).
In contrast to waiting for a 10-15% drop, almost anything will erase that opportunity to buy lower. It doesn't matter if it is a surprise new ANDA approval, partnership on Keppra, approval of the remaining doses of Focalin, submission of Rexista NDA, partnership on Rexista, or what I haven't heard many talk much about yet is a partnership on Regabatin which the CFO has mentioned will happen as they will pick up the development of this NDA right after Rexista is filed and will seek partnership to fund such activities. In order to play this equity from as many facets as you in order to not miss a catalyst hit you would need much more capital than many here presumably have. Sure, likely nothing much will happen tomorrow, or next week, or in the next month for that matter, but 10-15% doesn't seem like enough value for someone with less capital who can simply be long or wait on the sidelines for a price drop.
I can understand the methodology you are perhaps using as a hedge strategy, but like I said, your recommendation may only work for a select few who have the capital to do so, and not the majority of investors across this board, would you agree? I'm surely not here saying $ 1.50 is out of the realm of possibility, after all cash is a near term concern and even though they are proven very frugal, no monetary earnings events means they need to sell at least some shares for financing and that may be enough to send it pass support and reach $ 1.50. But I will say candidly that no one is here to make 10-15%... so why would they risk it (unless you have enough capital to hedge a long positions say via options)? I've seen a lot of people make snarky comments about you potentially making a lot of money if this goes to $ 5.50, while we continue our conversation I just want to remind people about how options can help one leverage their position take advantage of volatility in a either direction or both directions simultaneously, so a blunt 67k shares isn’t necessarily the mode here.
AI
