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Re: biotech_researcher post# 30044

Friday, 05/10/2013 2:34:51 PM

Friday, May 10, 2013 2:34:51 PM

Post# of 80490
no need to help me..i've owned this stock for 10 years..sold 80 percent of my position between 15-20 last year..have made life changing money in this company. i am a believer in their science.

but the market reacts in funny ways as seen by the stock decline from 25 to 16. why did it decline? there was no bad news that im aware of.

as i said before there are excesses on the upside(25 per share) and downside(it can go to 11)

if good news continues regarding ponatinib(confident it will) and 113(hopefully it will) we will have a huge winner on our hands.
but before that there is a lot of time for stock to go to 18-19(because as you say ASCO)and back to low teens or lower as success of 113 is anything but a certainty.

maybe im just taking a longer term view of the company than you are. we both own the stock

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