Replies to post #2684 on Chelsea Therapeutics Intl Ltd fka CHIP

[Noonehasthisusername]

You are right, never take advice from message board...

But here it my advice...

I am not sure about how soon CHTP will release any news that may make the stock spike. I do not believe it will be this week. I noticed on my broker account that they are scheduled to announce earnings on 3/3/14. I do not know how accurate that is and if the approval pushed that date.

I do not trade calls or puts, so I guess go with your gut and experience.

If I were to take a guess, any company that was thinking about buying them out or merging would be looking very closely at the ongoing studies the FDA requested and whether the results could burst NORTHERA's bubble. This of course, IMO, would take a more than 2-3 days.

Maybe they are getting their ducks in a row for a announcement during earnings.

GLTU.

P.S. If the price tends to go LOWER over the next few days or weeks, I may buy via retirement accounts as I think this will pop again, but I do not know when.

[Seagull2]

My personal opinion is that the news (Northera Approval) has already been bought and sold. I would think that the MM will try to hold the Six Dollar Strike on expiration tomorrow, but usually there is a split between the option bid and ask on the last day of the front month option. Time premium has eroded and intrinsic value is all thar remains. I would sale immediately if the PPS gets back up to $6.00 or more at any time tomorrow. Just my Humble Opion (JMHO).

ALL THE BEST
GULL