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Alexza Pharmaceuticals (ALXA) comes off trading halt, now up 52% premarket following the...

Alexza Pharmaceuticals (ALXA) comes off trading halt, now up 52% premarket following the license deal with Teva (TEVA +0.3% premarket). The conference call discussing the matter is underway.
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Comments (3)
  • Yabadabadoo
    , contributor
    Comments (439) | Send Message
     
    I have been advising others through these comments not to sell. I am still holding until after they market the drug.
    8 May 2013, 12:51 PM Reply Like
  • DANDISIK
    , contributor
    Comments (63) | Send Message
     
    @Yabadabadoo, With ALXA at $5.47 at 1:59 pm, do you have any estimate of share price once the drug is marketed ?
    8 May 2013, 02:02 PM Reply Like
  • Yabadabadoo
    , contributor
    Comments (439) | Send Message
     
    As usual the stock reacted and then went down. That is normal.
    One analyst made a call that ALXA would go to $10 and that was weeks before this announcement.

     

    This is only my opinion but I believe this stock will go higher than $10. I am willing to hold into 2014.
    I have a tremendous amount of ALXA and could have sold for a profit but I can wait. The stock sitting at $4.90 is a buy but not sure if it will go lower after their call at 5PM today. They have no profits so you may find sellers who will bring the stock down.. Makes no sense for anyone to sell after hearing the news but again it did go down after the FDA approved the drug.
    I own TEVA for years and they are always looking to buy other companies. This could be their way in.
    Common sense says this stock has much more room to grow. They are approved in this country and many others. The TEVA agreement only takes in the USA. Countries all over the world will be selling this drug, not only in Europe.
    If you have money to buy more, wait until after 5PM and if the stock drops, take full advantage. I would sell my AAPL to buy more ALXA but AAPL has a dividend payment and I believe AAPL will also move to over $500 so I am in hold pattern for most of my stocks.
    I am not an analyst and I do not look to manipulate a stock based on my opinion. I am staying with ALXA with the belief that it will climb to over $10 in 2014.
    Each trader must look at their goals. Are they long term, short term, etc. My goals, depending on the stock, are both.
    With the obesity drugs, my goals were short, make quick profits. For me ALXA is different.
    9 May 2013, 01:59 PM Reply Like
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