KERX - Keryx Biopharmaceuticals - NASDAQ

[Tommy86]

thanks for that info ryan, since this is no pink or otcbb, FA matters, that conferencecall could make it move big, but which direction.... 

but upside looks more probably, its down so much, company lost so much of its marketcap and needs to get back to a dollar for nasdaq requirements

[mkmny]

http://www.shortsqueeze.com/?symbol=kerx&submit=Short+Quote

I think this is why your thoughts didn't come to fruition doc . good volume and alot of buys if this keeps up we should get shoty to cover before the 8 days he has. Either way the stock will bounce once they stop shorting it, from past experiences stocks that are shorted and have good volume run harder because of traders covering their short positions.

[Tommy86]

thanks for that info Ryan!

so what i got is that that drug which failed its test was their mainproduct. thats why the stock tanked so much.
but they do have other drugs in testing, right?

bankruptcy would be bad thing for us 

[Dr PennyStock]

Just looked up the KERX website and found some interesting information...

After the stock tanked on Monday, March 10 they held a conference call telling about the failed test results and more importantly what to expect for the rest of 2008.

  Listen Here:   http://investors.keryx.com/phoenix.zhtml?c=122201&p=irol-irhome

-"current cash resources will take them through the next 12 - 18"
-"company does not seek to and does not plan to raise capital at this time"

- and they talk in great detail on two new drugs in phase 2 testing:
       http://www.keryx.com/page.cfm?hmid=20&smid=0&pg=4b

IMO, it does not sound like they are in much danger of going bankrupt.  I also was also glad to hear they got these things out of the way on the 3/10 call.  That means the call on 3/17 will be about something different (hopefully juice).

This can help to boost a run.

[hangin1]

Yea even though I know little about this stock after looking at everything I think the news on the 17th will either make or break this stock is this particular thinking not too far outta line??  good Luck all with this one only good things to come for this in my opinion based on the research and other boards I have visited.

[scott]

Yea even though I know little about this stock after looking at everything I think the news on the 17th will either make or break this stock is this particular thinking not too far outta line??  good Luck all with this one only good things to come for this in my opinion based on the research and other boards I have visited.

I don't think this is too far out of line. They need to have a good conference on the 17th to bring the stock back to $1 to stay listed. I expect they will do so.

[Dr PennyStock]

http://www.shortsqueeze.com/?symbol=kerx&submit=Short+Quote

I think this is why your thoughts didn't come to fruition doc . good volume and alot of buys if this keeps up we should get shoty to cover before the 8 days he has. Either way the stock will bounce once they stop shorting it, from past experiences stocks that are shorted and have good volume run harder because of traders covering their short positions.

The stock was shorted before the gap, not now, they will cover soon and we will see a short squeeze, that's what I expect here.

[joseagro]

Agree with you doc. Shorts must cover ASAP

[Dr PennyStock]

For now we have a higher high and a higher low, this is a good signal, but still a few sellers.

[jason22]

Just bought another 1k share @.64

[Dr PennyStock]

I think that if the news are very good, this stock can run to 2 - 2.50.

[jason22]

Hey Doc,

When you have time can you briefly tell me what the support and resistance is on KERX Daily chart so I can try to have better understanding of it.  Also the +DI is smaller than the -DI, good thing?  Is this what you call a downtrend?

I'm guessing support is at .9, 8.60, 6.28, 5.01, .54
Resistance is at 11.4, 10.15, 7.25, 6.30, .68

For every resistance there has to be a support?

What are those white square boxes indicate?

Thanks

[mjstyle]

just got in at 0.639 hehe lets see this stock go up!

[mkmny]

how do you know when it was first shorted
you don't seaze to amaze me but im learning

[mjstyle]

hi doc quick question.. what are the percentages on monday that this stock will still stay in the stock market and pass over dollars cause i heard monday if it doesn't reach over 1 dollar. This stock will be taken off nasq right?