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Replies to #1143 on Zogenix (ZGNX)
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hntrss

04/06/14 8:28 AM

#1144 RE: Padin #1143

I am not trying to scare anyone. And I have no position here. I came here because of the mountain of negative press, this always seems to create an opportunity to ride the bounce. But, in my opinion, the wave is still getting bigger, and smart money will wait. But since this isn't a new product, just an also-ran version of a painkiller available from many mfg's, I fear that this may just be the downhill side of a classic pump and dump. I will watch it to see if a bottom forms, but who would invest in a chart that looks like this? Falling hard, below 2013 levels and no sign of slowing. My opinion (and mine only) is to wait on the sidelines. Just trying to be helpful.
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Couch

04/06/14 12:54 PM

#1145 RE: Padin #1143

My position is clear. The PPS is coming down to fill that ten cent gap at $1.95 and nothing here anybody is going to do to stop it. The company can be as solid as a rock but public outcry concerning highly addictive opioid abuse is 100% crystal clear. No more non abuse deterrent opioids on the market period. The public storm is only going to continue to mount and ZGNX is only going to get punished until it puts out their own ADT Zohydro. From what the company says they are working on it. That's good news for existing shareholders. The bad news its going to keep coming for the foreseeable future.

I appreciate the line is between people who need appropriate pain medication and those who are fighting the war on prescription opioid addiction. And Zogenix just happens to sit smack dab in the middle.