Tuesday, May 25, 2010 5:36:47 PM
You all talk about FDA approval and how after we will sell and make out very well. Who is going to buy your shares after approval? I am long and haven't traded my position once, but I am skeptic as too who the buyer's are at $3.00.
If on FDA approval day we trade 30M shares at $3.00 - are retail investors putting the $90M into this stock? I have a feeling FDA approval will only get us to $1.50 - $2.00 and we will shortly sell off down to $1.00. The sellers are going to OVERWHELM the buyers because their shares were purchased at lower prices.
I am praying for a buyout, but at this point I would just be happy with approval and a 100-200% gain.
If a few idiots with a combined 10M shares decide they are asking for $1.50 - we will sit there for a while until we get $15M of sideline money to break through that cieling.
I anticipate a huge sell off on FDA approval and then we will slowly creep back up as the patient "buyout" investors are waiting for the real money.
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