News Focus
News Focus
Followers 98
Posts 38996
Boards Moderated 89
Alias Born 03/22/2005

Re: bigworld post# 655

Tuesday, 05/21/2024 7:21:36 PM

Tuesday, May 21, 2024 7:21:36 PM

Post# of 855
Bigworld, Yes, a nice 25% pop today. Here's the full transcript from last week's earning's call (next post). I'm not sure what exactly caused the big spike today, there was no SEC filing, etc, but it might have been that the full transcript of last week's earnings call finally became available (?) Last night I could only find the transcript summary from GuruFocus, and the links to the full transcript didn't link to anything, but now they do. So it could be that the Reuters full transcript was delayed and didn't become available until today in the afternoon, and that would explain the timing of the sudden surge. Just a guess though. Within that full transcript, when asked about the current partnership environment, Luci dropped this quasi bombshell -

>>> I would characterize it as pretty robust. I mean, probably my last 20 e-mails in my inbox are people wanting to meet me, and I haven't even looked at the e-mails yet. That's just from overnight. I mean, it's just a lot of interest, and we may not be enrolling in Phase III, but we're Phase III ready. And we know we have a drug from our Phase IIb data. So we have to be patient and we have to take the right deal. <<<

Those comments weren't included in the GuruFocus partial transcript, which only said that partnering prospects were looking 'robust'. Anyway, around noon today there was some increased buying, then around 1:00 the it really took off, and up she went.

Oh well. I had been considering a modest position, but by today's open, the previous aftermarket gain (3%) was gone, and the stock was down modestly on tiny volume (under 1000 shares). I was surprised, thinking it 'should' be rising, so I shelved the idea of going long, at least for now. Also, the broader market is risky right now due to tomorrow's Nvidia earnings, and if ACXP is already looking weak, why stick your neck out? Anyway, the market once more shows how unpredictable it can be lol..




---

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today