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joboggi

07/01/13 2:18 PM

#78360 RE: gulf shores man #78335

Since he is not a doctor. I will answer. That is reasonable time. That said, you never know.

And as far as things go, STARTING a position NOW in the begining of the Third quarter is very reasonable, as long as you average in over each of the next 6 to 8 weeks.

Clearly there is an attempt at basing going on. As far as things go, the base typically goes BACK to the last base in situations like this with biotechs. So we will see.

Waiting a month would be reasonable as well. You may well lose 75% or equity before the BD PR.

It is extremely likely that there will be a runup in price before the BD PR. That is how these Biotechs go.