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Author Topic: KERX Failed Drug Huge Drop
GlassCrasher
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http://biz.yahoo.com/prnews/080310/nym064.html?.v=101

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dab
Posts: 545 | From: North Hollywood | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
fourseven
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5.25 -> 0.64 ?! that's quite a drop.. interesting week ahead for this stock..

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the market is not your mother
Posts: 1282 | From: Montreal | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
BloodHound
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this is a good one to watch because once/if it breaks past .70 (where it gapped down to) this thing is GONE!!

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who says you cant trade stocks at 17!!?
Posts: 288 | From: Wisconsin | Registered: Apr 2006  |  IP: Logged | Report this post to a Moderator
fourseven
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dude, who knows.

i'm in at .61; looks like it's pushing up .67 and can't break it yet. i'd bail if it goes below .58

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the market is not your mother
Posts: 1282 | From: Montreal | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
fourseven
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News from the other day: KERX to close several offices, reduce expenses (50% layoffs), consolidate assets.

"The company expects to end the first quarter of 2008 with about $50 million of cash, cash equivalents, investment securities, interest receivables and license receivables."

Their current market cap is $26M; would this mean they expect to be worth about twice as much by the end of first quarter?

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the market is not your mother
Posts: 1282 | From: Montreal | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
PCola77
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fourseven, may be off base, but I don't thikn you can really read anythign into that. they may have $50mil in cash equiv, but $250mil in debt.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006  |  IP: Logged | Report this post to a Moderator
fourseven
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That's what i thought; a fluff PR.

I'm out, my stop-loss triggered this morning. I really need to learn to take my profits while they're there [BadOne]

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the market is not your mother
Posts: 1282 | From: Montreal | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
   

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