If the company comes up with 1.3 Billion these
shares (now worth 25 cents) are worth up to $6
(24 bags). The approval of this drug will not
make them worth $6 on its own. It is just one
step closer, one more drug to fuel sales.
It's just one
of many "in the pipeline." As more are approved
throughout the year there will be more and more
opportunity to hit the goal.
Why was this "stock" dropping in value over the
last few weeks? Because speculation was dropping
as well. With a few more drugs coming out it renews
optimism that one could have a 10-20 bagger on our
hands.
Shorts know how this works. The PR's don't come
out on the day they are approved. However,
when they come they cause quite a stir. They covered
into the close and buyers bought. Just like Friday.
If we get the PR Tuesday-Thursday you'll see quite a
jump in price. But for today there was massive volume
again....and another 15% jump.
Tomorrow look for another green close.
JMO
Cubs
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