Whats your take on this stock? They had their drug Thelin approved in Canada two weeks ago and supposedly it's going to be approved in the U.S. pretty soon.
Is this another DNDN stock thats going to bounce up into the 20's for a couple weeks and then bottom out?
ENCY - Encysive Pharmaceuticals
I know little about the market in general but if Thelin get's approved this Friday 15th I personally do not expect it to jump to $20. I would be happy with $9 but expect more like $6 to $7 a share. We will see. It's composition is up for possible approval on Monday 18th.
I have not seen anything yet on that but it had a serious drop today but rebounded most of the way back.
The writer had always talk unfavourably regarding ENCY.
I wonder if he is bias.
Anyway I am long on ENCY with substantial holding,and plan to stay until the announcement come.
anybody have any idea wheter ENCY will get their drug approved or not approved and why?
Please share...
Thanks
I think the drop cause by somebody want to take profit after recent uptrend in ENCY price.
and that guy must not too sure that ENCY will get the FDA approval.
No news cause the stock price movement that I can find.
I am long on this stock,
anybody with Long position want to share some ideas why?
I check the internal trading from the management,
and the last time one of the management sell stocks is back in March 2006.
So the management is confident in the FDA approval,
I think I am going to support them.