quote:Originally posted by stocktrader22: Scotty the FDA approval for Thelin is on the 15th...
Now Thelin is a huge migraine drug that is in over a billion dollar industry.
Gilead has a competing drug, if approved they will share market share, but Thelin is already invading Europe and Canada so it has an edge. Look at the high short position. IF we see approval for Thelin and no approval for Gilead's which is scheduled 3 days later, $15 is not out of the question on a spike.
True, I keep forgeting about Gilead being so close to the Thelin date. Usually I get out of these pharms the day before FDA decision, but I'm staying in on this one. I have too good of a feeling on this. BTW, that would be awesome of Thelin got approved while Gilead did not, that would certainly spike ENCY again.
Posts: 124 | Registered: Oct 2006
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quote:Originally posted by Mortimer: This thing isn't "anticipating" toward the 15th quite like I had thought. I feel like I'm playing chicken with the FDA.
Be careful all; get your stop losses in order. GTLA.
A move from $3.28 to $4.65 isnt anticipating? Yeah it is anticipating, and when Thelin gets approved and shorts burn (IMO of course) this wll be a nice winner. Stop losses wotn do anything, Thelin gets rejected and this gaps down big time
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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quote:Originally posted by Stock_Pupil: This article's making me 2nd guess this play even if they do get approved if Gilead gets approved their drug is believed to be better.
So sell... Even if Gilead drug gets approved it doesnt matter, ENCY has a large market share and head start in Europe and Canada, and they will split market share with Gilead in the US. the market already knows all of this. Without Gilead competition ency on approval could have been $12-$15 now i believe it will be $8+ instead.
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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quote:Originally posted by Stock_Pupil: This article's making me 2nd guess this play even if they do get approved if Gilead gets approved their drug is believed to be better.
quote:Originally posted by Stock_Pupil: This article's making me 2nd guess this play even if they do get approved if Gilead gets approved their drug is believed to be better.
posted
Thanks Adam Feuerstein. The reason this thing hasn't blown up in anticipation is that by comparison, it is a smaller company under the radar. But a couple of messege boards asking why this thing isn't exploding and Adam wants to publish an article without mentioning all of the other successes in the pipeline which make this a solid company. I could probably find a dozen brokers to go the other way. I am in this big, so I believe it will get approved. All of this ranting is of course, just my opinion.
Posts: 124 | Registered: Oct 2006
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posted
Well since ENCY is a big part of my dads portfolio he didnt want to take too big of a chance, an all or nothing deal like I was hoping for. But you can never go wrong with profit. Sold to cover initial capital and a nice profit, and now riding those extra shares for approval tomorrow.
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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posted
Can't say that I blame you. I actually took proffit last week when it spiked. But I left a lot in as well. Well, good luck to all who are in.
Posts: 124 | Registered: Oct 2006
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posted
I am leaving my office for Mobile here in about an hour and I am hoping that the news is good. I get nervous when I am not sitting with my finger on the trigger with an event horizon! GLTUA!
Posts: 333 | From: Cullman, Al | Registered: Sep 2005
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