Not familiar in ATOS...I do like to dabble in biotechs though. ATOS at $20 would put its market cap at a couple billion...pretty steep for a biotech with Phase 2 results and a pretty limited pipeline: https://atossatherapeutics.com/product-pipeline/ .
In my limited experience in bios they seem to work in levels...bioturds with <$100M market cap, promising early stage stuff with a market cap of $100MM<$500MM, and then breakthroughs that ramp up to a billion or so have a product that is a bolt-on for the big guys and a likely buyout candidate.
Give you a comparison of one I watch/own...PDSB. It has already run up a bunch but even with that run its only at a $250MM market cap (about half of ATOS), with pretty diverse pipeline and positive interim Phase 2 results: https://pdsbiotech.com/pipeline/oncology. Those results pushed it from bioturd to promising...will wait and see if they get further along to the breakthrough status. </p>
Good stuff. My cost basis is 3.43 so Im chilling.
The Russell inclusion is the big catalyst on top of the stage 2 results. Funds are going to buy shares and it will drive the price up.
Also, middle of July $9 call contracts sold out today to someone who is either an extremely rich degenerate gambler...or someone who knows something
I'll add - the webinar and press release showcased the trial results were good. For treating cancer. If you dont think that is bullish I can't help you.
Great news. Just not for my portfolio.
It will be double digits by month end and great for your portfolio
Ill be sure to bump this thread to gloat.
Did you put all your best customers in it?
Moving my picks to Pack the Fudge. I don't like to lose $
Are you a day trader? No, of course you're not
If a biotech stock dropping on good news is scary to your wallet then stick with Apple and MSFT
This. Biotech stuff is so crazy volatile. I’ve been trading various biotech securities, hit on a couple, burned twice.
Comments
The Russell inclusion is the big catalyst on top of the stage 2 results. Funds are going to buy shares and it will drive the price up.
Also, middle of July $9 call contracts sold out today to someone who is either an extremely rich degenerate gambler...or someone who knows something
Ill do more digging on pdsb
I Thank Jesus for getting out yesterday and I promise, Lord, I'll never chase @PostGameOrangeSlices fool's gold ever again.
Boomers and stocks man...holy fuck
The most profitable stocks are the most volatile.
Hit on GLTO today as well. Biotechs are on 🔥