Very sad report by a poster on the AVXL board.
If one is going to place a huge bet on 1 stock, ya better be prepared to ride it down before up. Don't have the stomach, then diversify. Or risk only what Zofran can keep down. Yes, Shorts will attack a new over valued stock. Welcome to the NAS. Anyone who bought at $12-$14, probably would feel pressure.
Apparently the stock has fallen over 50% since moving to the NAS. A common occurrence for many stocks back in 2008. The stock hit a peak on 03-Nov. The IHUB forum is blaming a "The Street" report as inaccurate. Actually it's accurate. The Phase 2A study is a dose tolerance study, nothing more. No negative control arm. They are a long ways off in proving efficacy.
Anyone predicting $40-65 for a $6 stock can happen at any time isn't being realistic in their expectations. Especially when the current Phase should've been labelled as Phase 1. Don't know how the FDA allowed that to happen. Successful Phase 2 (effect on a limited number of participants including dose titration) might get a $6 biotech startup to $12. Saw one happen in just the last week. I missed that boat, or was it ignored that boat? Sigh.
Whether the drug will pan out is yet to be seen. I suspicion synergizing with Aricept will be a loser, since Aricept itself isn't that great for ALZ. Trying to find a cure for ALZ makes for good headlines, but lousy results.