Ouch. Had an old forgotten stop loss triggered and sold 1500 shares. Made me so angry that I turned around and rebought same for $1 higher. Dumb! Now holding 6000 shares at average of $2.00. I am not sure I have the stomach for this. This morning I was up $17k or so since 5/11. Now well, I'm not. I told myself I was in this til the end, but am I stupid not to sell half?
Profit taking I understand. But those stupid street articles not only drove down the price, they have me second guessing this thing that I have lived and breathed for 3 weeks.
Can someone give me some background on VNDA and DNDN ....brief history on how it went down before their approvals? I have heard these two drugs referenced many times when others are talking about HEB. I need some reassurance.
I think I should stick with MLB.,,,abd I do mean baseball, not Merrill Lynch.
Profit taking I understand. But those stupid street articles not only drove down the price, they have me second guessing this thing that I have lived and breathed for 3 weeks.
Can someone give me some background on VNDA and DNDN ....brief history on how it went down before their approvals? I have heard these two drugs referenced many times when others are talking about HEB. I need some reassurance.
I think I should stick with MLB.,,,abd I do mean baseball, not Merrill Lynch.
Very old indeed....I've rethought things and think I'm going to sell half tomorrow. I just don't trust Dr. Carter, and something seems fishy with a these extensions and delays. My understanding was two weeks was the estimated worse case scenario. Now two weeks have come and gone and still no answer. Meanwhile other drugs are getting the green light....
Every day I think it's going to be THE day...and then another day comes and goes.
I am expecting it tomorrow either pre-market or by 10 am. They have to announce it tomorrow. If they don't then you will see a lot of people let this stock go tomorrow. I have wanted to day trade this stock so bad but I am so worried that the minute I do so I will miss the announcement. I am in this thing till the end. I have waited far to long to quit now.
It may be an optimistic view but here it is - When the FDA is reviewing a stock there is a certain amount of parameters. If the drug doesn't pass them there is no going back.. . or in this case no need to look further. It would just be denied. Now I would think that if this was the case we would have heard of news earlier. Obviously something is fishy with this stock as others are getting approved and this one is not. How can they say staffing issues and then approve others? Personally i feel like they wanted to go to the CFS conference and learn more about the actual disease itself. I think they just didn't have a full understanding of it.
:drink:I'm going to bed and hoping to wake up to good news tomorrow.
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I know exactly how you feel. I had decided I was in for the long run also....but I have to weigh how sick I would feel if I sold out at $3 and it went to $15, vs how sick I would feel if I didn't sell and it fell to $.35 per share.
I have heard that rationale about the approval. The other side is that the FDA just HATES Dr. Carter and HEB...They have a long history together and they might just want to see him squirm.
This stock will drive you crazy thinking thru all the possible scenarios.
Indians, when you say think PM or by 10 am..I assume you mean EST?
Wrong again. .. I just don't understand.
Other companies continue to get approved. The longer this goes the worst feeling I have now. If HEB had the news you would think they would release it immediately. If it was bad I could see them holding, I mean who wants to give bad news. I just don't know what to do.
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Other companies continue to get approved. The longer this goes the worst feeling I have now. If HEB had the news you would think they would release it immediately. If it was bad I could see them holding, I mean who wants to give bad news. I just don't know what to do.
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Hemispherx Biopharma Files $150M Mixed-Securities Shelf >HEB
31 minutes ago - Dow Jones News
Related Companies
<TABLE class=dataTable cellSpacing=0 cellPadding=0 width="100%"><THEAD><TR><TD>Symbol</TD><TD align=right>Last</TD><TD align=right>%Chg</TD></TR></THEAD><TBODY><TR><TD>HEB</TD><TD align=right>2.84</TD><TD align=right>-6.89%</TD></TR></TBODY></TABLE>As of 4:00 PM ET 6/9/09
<STORY>
DOW JONES NEWSWIRES
Hemispherx Biopharma Inc. (HEB) on Tuesday registered with the Securities and Exchange Commission to sell from time to time up to $150 million of common stock, preferred stock, debt securities and warrants.
The specialty pharmaceutical company said it intends to use the net proceeds for general corporate purposes.
No underwriters were listed in the filing.
Shares of the company closed Tuesday at $2.84 each, down 21 cents, or 6.89%.
-Denise Jia, Dow Jones Newswires; 202-862-1359; denise.jia@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/nae/al?rnd=O38H8BbZcG2bRFg5G6F1NQ==. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
06-09-09 1715ET
Copyright (c) 2009 Dow Jones & Company, Inc.</STORY>
31 minutes ago - Dow Jones News
Related Companies
<TABLE class=dataTable cellSpacing=0 cellPadding=0 width="100%"><THEAD><TR><TD>Symbol</TD><TD align=right>Last</TD><TD align=right>%Chg</TD></TR></THEAD><TBODY><TR><TD>HEB</TD><TD align=right>2.84</TD><TD align=right>-6.89%</TD></TR></TBODY></TABLE>As of 4:00 PM ET 6/9/09
<STORY>
DOW JONES NEWSWIRES
Hemispherx Biopharma Inc. (HEB) on Tuesday registered with the Securities and Exchange Commission to sell from time to time up to $150 million of common stock, preferred stock, debt securities and warrants.
The specialty pharmaceutical company said it intends to use the net proceeds for general corporate purposes.
No underwriters were listed in the filing.
Shares of the company closed Tuesday at $2.84 each, down 21 cents, or 6.89%.
-Denise Jia, Dow Jones Newswires; 202-862-1359; denise.jia@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/nae/al?rnd=O38H8BbZcG2bRFg5G6F1NQ==. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
06-09-09 1715ET
Copyright (c) 2009 Dow Jones & Company, Inc.</STORY>
So what does this mean? ..more money needed for production upon approval? Fear that it won't be approved and need money to last a few years when stock tanks?
I am pretty new to all of this ,and reading those message boards like the one on google will drive you nuts...you don't know who to believe.
Why wouldn't HEB at least come out and say SOMETHING!!??? If they have no FDA answer, wouldn't it be appropriate to come out and at least keep their investors improved ...even if they have no news to report? In light of their 2 week timeframe , I would expect SOME sort of communication. But again, I'm new at this. I do know lots of people are getting restless and angry.
I couldn't bear to part with half, but I sold 1000 shares today at 3.13 and 3.16 (premarket) Not long after that it dropped to $2.40. That was pretty scary....thank goodness it came back pretty quickly.
I am pretty new to all of this ,and reading those message boards like the one on google will drive you nuts...you don't know who to believe.
Why wouldn't HEB at least come out and say SOMETHING!!??? If they have no FDA answer, wouldn't it be appropriate to come out and at least keep their investors improved ...even if they have no news to report? In light of their 2 week timeframe , I would expect SOME sort of communication. But again, I'm new at this. I do know lots of people are getting restless and angry.
I couldn't bear to part with half, but I sold 1000 shares today at 3.13 and 3.16 (premarket) Not long after that it dropped to $2.40. That was pretty scary....thank goodness it came back pretty quickly.
Well I have contradicting feelings here.
HEB was told on May 22nd that the FDA needed 1-2 weeks. They did not announce this until May 26th. I did not know that until today. So the FDA is even later on the decision. To my knowledge a company can not withhold information meaning the FDA has given them none but this is speculation. TO me at this point no news is bad news. I just have lost all faith and I am sure many investors feel the same. The Investor Relations for HEB is terrible. I would rather just here is was rejected then to sit here and wonder. I am doing the same tomorrow, I am selling half of my shares.
Here is my view on the 150 million - They will not be worth 150 million if this drug gets rejected. To me this is a good sign as it looks like they are laying the ground work to get this drug into manufacturing. Remember the share holders have to vote on this on the 24th so at the earliest it is not happening until then. Of course most retarded investors will sell immediately without knowing that.
So in a nut shell I just don't know what to do anymore. I just want this emotional roller coaster to be over.
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HEB was told on May 22nd that the FDA needed 1-2 weeks. They did not announce this until May 26th. I did not know that until today. So the FDA is even later on the decision. To my knowledge a company can not withhold information meaning the FDA has given them none but this is speculation. TO me at this point no news is bad news. I just have lost all faith and I am sure many investors feel the same. The Investor Relations for HEB is terrible. I would rather just here is was rejected then to sit here and wonder. I am doing the same tomorrow, I am selling half of my shares.
Here is my view on the 150 million - They will not be worth 150 million if this drug gets rejected. To me this is a good sign as it looks like they are laying the ground work to get this drug into manufacturing. Remember the share holders have to vote on this on the 24th so at the earliest it is not happening until then. Of course most retarded investors will sell immediately without knowing that.
So in a nut shell I just don't know what to do anymore. I just want this emotional roller coaster to be over.
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If the Japanese purchases the drug I think the impact would be pretty big since it would be for the flu aspect rather then CFS. There is a larger population that would need that, however the price would be a lot less as CFS is much longer term care then getting over the flu. I think in the end it would be a wash, however if there is approval we have the chance of both which then I could see this in the $15 to $20 range at the end of the year. If 1 goes then I'm thinking between 7-12. Don't listen to all of the maniacs calling for $35-$50 a share. It's not going to happen.
Once again I held onto my stocks. I just hope they don't make the announcement after hours so I can get rid of my shares on denial rather then eat up all my profits. I am still at a 90% gain as of now.
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Sold 1500 more very early this morning again. Have another 3500 I will let ride. I'm averaged much higher now..but I think I have assumed the worst so all I can do is be pleasantly surprised.
I read somewhere that the Investor Relations person is on vacation this week per her voice mail. Not sure if that's true. You would think she would be around to give some peace of mind, though probably has been bombarded with calls and nothing much she can really say I guess.
Still don't know why they would bother to come out with the press release about the May 25 extension, but not now after another "deadline" has passed. Is this normal?? You know they are reading the message boards and knowing people are pissed.
I read somewhere that the Investor Relations person is on vacation this week per her voice mail. Not sure if that's true. You would think she would be around to give some peace of mind, though probably has been bombarded with calls and nothing much she can really say I guess.
Still don't know why they would bother to come out with the press release about the May 25 extension, but not now after another "deadline" has passed. Is this normal?? You know they are reading the message boards and knowing people are pissed.
I sold over half my position yesterday at $2.50. I just don't like to be in a manipulated stock like this one has been. Makes me feel uneasy. You know all they would have to do is post online that they have not received an answer yet. THAT"S ALL. Instead they leave all of us in the dark.
If HEB had an approval I believe that they would have come right out with it. On the other hand with a negative they may not be so quick. Something just doesn't sit right with me. I sold for all my initial investment and some profit. Something just isn't sitting right with me on this one. I may miss the boat on it but sometimes you just have to go with your gut.
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If HEB had an approval I believe that they would have come right out with it. On the other hand with a negative they may not be so quick. Something just doesn't sit right with me. I sold for all my initial investment and some profit. Something just isn't sitting right with me on this one. I may miss the boat on it but sometimes you just have to go with your gut.
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