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Jiesen:
That's real easy for you so say: you don't have a hat! But look at me! I have a hat to eat, and the losses on this stock!
(Just kidding about losing on this stock. I think it is going to be very good).
lol! good point... then I'll eat some stale cheese instead. won't matter though, since it ain't gonna happen. thing is, with these drug stocks, the approval is key. if the drugs work, as these do, the drugs market themselves, and cash begins to roll in- just look at VPHM, for example. DNA, also, is where AMLN could be 5 years from now. The drugs sales are obviously taking off, as evidenced by the script numbers I posted. The earnings will follow, and naturally, the stock price lags these hard numbers, so, while we won't be seeing $30 next week, by next year, it's almost a certainty.
AMLN Closed at @22.20 and down more AH. I see an opportunity for me to get in at bargain prices tomorrow morning. I just need to figure out what price to set my limit order at.
I'm with you on this one Webs. This looks like a great opportunity for an entry. Just be patient and watch it in the morning to see which way the wind is going to blow with it tomorrow. You just might be able to get it cheaper. This stock should easily go back up to 23.50 range which would be a 1.5 point gain if it just does that. It definitely could be more.
I'm with you on this one Webs. This looks like a great opportunity for an entry. Just be patient and watch it in the morning to see which way the wind is going to blow with it tomorrow. You just might be able to get it cheaper. This stock should easily go back up to 23.50 range which would be a 1.5 point gain if it just does that. It definitely could be more.
I wish I could watch it, but I'll be at work. I'll have to set a limit order and hope for the best.
I have performed my logical Vulcan analysis and have found the perfect entry point for AMLN.
AMLN gapped up on June 14th. As of this date this gap has not been filled. I'm going to be patient and place my bets that the gap will fill and I will be able to buy AMLN for $17.92. Of course right after it fills the gap AMLN will score some huge gains for my wallet.
Worst case scenario is that I'm totally wrong and I miss out on a good opportunity.
Prescriptions are up to 4000/week now between the 2 drugs. I'm not sure when this share price correction will end, but I think I might pick some up around 19... We may see your target, too, Webs, but I wouldn't count on that.
It also might help to have a few more data points to better see the big picture, but as of July we're doing at least $15M/year and I think that it could at least quadruple by the end of the year. Probably by September the picture will be a lot clearer, but, if the numbers are good then the opportunity to get AMLN under $20 will be gone.
I think another thing to consider would be how expenses are racking up alongside the revenues. The one thing that could still kill us despite record revenues, is record losses to go with them. Hopefully, sales growth will be strong enough to put AMLN on a trajectory to a profit within a few years.
Hate to post bad charts guys Hope I'm wrong on the weekly and right on the daily channel long today and it leads to some bullishness for anyone long without stops!!!
Hate to post bad charts guys Hope I'm wrong on the weekly and right on the daily channel long today and it leads to some bullishness for anyone long without stops!!!
Thanks for the technicals, Spike. I'll try to use this to better time my next AMLN entry, as well as put a tight stop on it this time. My initial position will be held for 50 or bust, but I don't want to throw too much at this one stock... yet, anyway.
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