Mast Therapeutics, Inc. (MSTX)

[UpstateChris]

ANX has popped and than fallen a few times...hitting $3.45 previously and falling back to the low $2's...mostly on speculation and minor events like the NDA being accepted. One thing that is truly different this time is that ANX is closer than they have ever been to an FDA approved drug. I look at today's fall (along with much of the broader market) as not relevant for a long term investor. I say this because it has had a great run - including on very down days. Traders banking 30-50% profits is expected...surprised it hasn't happened sooner.

As we approach the September 1st estimated date the price will rise and fall with the overall trend increasing unless some fundamental factor pops up to drive it one way or the other. Keep in mind that the FDA has come back with a couple rulings early recently, and a buyout is a possibility (I feel small until after they get something approved). If you fee that this is going up and invest, it may be a good time to let it ride and not miss any surprise pops.

As always, keep the stops in where you feel comfortable and do not risk more than you can lose...it is, after all, a small cap R&D BioRx with zero revenues....