I have switched from a bear to a bull and here's why ....
For starters, my $1.50 target was hit, but most of all, I was thinking about the trials last night and since we're going to a one-by-one model, you first think, "Oh my God, extended timelines now and a future capital raise." That said, if the first patient does well, extended timeline or future capital raise doesn't mean squat, certainly not from a PPS $1.50 perspective. The monster retail flush was inevitable, as most retailers can't tie their own shoes, let alone trade profitably, but if you really like what the company's doing, buy right here. I do however want to stress .... ALWAYS scale in a stock and NEVER buy a full position at once. When the talk switches to the first patient being treated and what that really means, the stock will again head north. As for Adam Feuerstein, he really didn't say anything negative yesterday other than saying "listen to what Jason Napadano says" and Jason says fair valuation right now is $2.00, but much higher with good first patient outcome. Did Frank Reynolds commit fraud in misleading shareholders ? Of course he did and he's scum. That said, 99% of ALL publicly traded companies make false and misleading statements at one point or another. Learn to play the game and you'll avoid a titanic retail flush like you saw this morning.
AI
