Replies to post #52297 on $heff's $tation of $tocks & $olid DD

[drugtester]

ALXA...so was I $heff. Looking very solid early this morning.

[trade2much]

ALXA way up in premarket nice to see for a change. The target price listed in your post would be great, heck 1/3 of it would be great. lol I have a lot of shares, for me anyway, some at .60 all the way to 1.30 for other shares; so I am in this one for a while.

It is a long time until May 4th (in biotech SP terms)and with its PDUFA, so we should see some decent upside.jmho This is after its delisting, the 3 mo extension of PDUFA, and the huge public offering it had recently, which fundamentally hacked the price in half; it definitely needs some good luck to change direction.

My bet is we are over due and that a base finally formed to support the stock SP around .60, if correct, hopefully it will now go north.

[$heff]

ALXA..$.588 I expect this to move higher into their May 4th PDUFA. Bought shares this afternoon at $.57. This stock has a very high short position and could pull a strong move into their PDUFA. This is a big board stock that is near its bottom. They have already had a favorable (narrowly) AdCom mtng. The FDA had extended their PDUFA from Feb 4th to May 4th in January. We could see a move b/w $.80-$1.00 pre PDUFA. We will see but this is low here for a PDUFA play!

Recent Highlight from their Q4 2011 Conference Call
Alexza believes that based on its cash, cash equivalents and marketable securities balance at December 31, 2011, the upfront payment for the Grupo Ferrer agreement received in January 2012, net proceeds of approximately $20.4 million from the recently completed underwritten public offering, the March 2012 amendment of the Ferrer Agreement, and the Company's current expected cash usage, the Company has sufficient capital resources to meet its anticipated cash needs, at its current cost levels, into the fourth quarter of 2012.
http://yhoo.it/xuYJRC