KERX - Keryx Biopharmaceuticals - NASDAQ

[mjstyle]

like what the doc said the news went great.. but the market's reaction wasn't that good.

[Sam2010]

is it over?

I think not everyone is listen to it, Buyers should come tomorrow and we need some official...

[jason22]

Anyone know any free websites that display intraday? (5 min interval)

Stockcharts shows only daily and weekly.

[mkmny]

for people that are too lazy to go back a page and read

here is the post agian
kerx looking to bounce

here is a short recap of todays conference


The companies main focus is to target renal disease and cancer.
They have 6 drugs in the pipeline phase 2 and anticipate launching the products.

One of them, Perafosin has proven to induce apoptosis and therefore regression in tumorous cancer cells in 14 patients and stabilization on 4 patients
Clinical benefit 62%

They have 64 million in cash, thats plenty of money on hand to take them through the next phases.

I added some, shorts have to cover

[Chris_Ben]

There was a conference!?!?  You guys have to post these things  .  Thanks mkmny

[jason22]

Its at .59, should I be worried at this point?

[Chris_Ben]

Its at .59, should I be worried at this point?

If the doc was worried - he would have posted it.  My personal view on this is just a mixed reaction on the news.  People read it, heard it but arent sure what to do.  1 person sells, the 2 people sell, 1 person buys, then 3 people buy.  It may just take a good day to settle itself out.  There hasnt been any reason to panic at all.

[Dr PennyStock]

The stock has support at .54, looks like it will test the support to gain volume, I will hold.

[mjstyle]

if it does reach 0.54 i'm planning to buy another 1k or so.

[hangin1]

ya I will also be purchasing more of this stock if it drops to .54 cause I only forsee good things coming from this one based on what I have read online and the fact that I felt the presentation and news today was overall good.

[mjstyle]

yes i felt same way.. right now it's just gaining momentum and it will soon really soon

[Tommy86]

what i am missing here on KERX is the volatility! for such a big drop i would have liked to see more movement up and down, but it stopped at 60 range and doesnt move a lot nor has any spectacular volume. this sidewaystrading has to stop imo.

but the good thing is that it could be accumulation and this is a bigboard stock, FA matters and the are not bankrupt so i think it HAS to move up again sooner or later. we want sooner and in a big way 

i may be wrong!

[HELLAS1]

Looks like that support point is gonna get tested hard! I originally had found this stock by its unusually high options volume and bought some shares and sold contracts on them which turned out some nice 40% premiums, this was when the stock was around $5.75

Then of course the Sulonex news came out and the stock plunged. But I dont recall ever seeing such a plunge without any type of recovery as KERX has shown. I dont know what kind of appeal this stock has to any investors at this tme... One month ago this company was on the brink of possibily finding a rare and unique diabetes treatment, which clearly attracted many investors. But with that out of the way, I really dont see how this stock can rebound?

The only reason I continue to hold is so that I can reach 1.20 and hopefully break even with this. If it wasnt for the premiums I had received through the contracts, I would have been far more displeased with these events...

Bottom line, I believe this company was teetering on an announcement, if the drug succeeded, we would have soared high, if the drug failed then we lose. Obviously, the latter occured...

[Sam2010]

This is all naked shorting, no good day today

We need some PR hope there will be anything within the week

so the shorties have to cover, there are so many shares short, if there is some buying pressure it will fly

[mkmny]

IT is still showing as up to 35% short.

IF you guys think about it the strong buying pressure is what kept this stock up where it is. I'm sure the shorts are trying to bring this down as low as possible.

The conference also needs to heard one or two times in order to fully understand.
I'm both a bio and finance major and I must say I had to look up quit a bit of technical mombo jumbo.

I'll add as well at .54