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Originally Posted by wutamess
Thinking of getting 50 shares today... Good buy and hold you think or look elsewhere?
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I defer to TigerUppercut, but here's what I've found out. They have 2 drugs currently in clinical trials with decisions expected this year on both, each could be the first drugs approved for the conditions they treat. I've heard that if one is approved, it should be a $60 stock, if both are approved, it could be an $80 stock. I heard this online from someone I have no track record on, so take it with a grain of salt obviously. The company is burning through cash pretty fast, so I presume they would need at least at least one of the drugs approved or they may have to issue more shares which could dilute the price. I haven't read through all their recent filings, so I don't know how much they have in terms of cash reserves.
Here's a recent article from Motley Fool.
https://www.fool.com/investing/2017/...ady-up-an.aspx
My call would be to buy on dips, like now. Monday morning may be a good entry point.