The following is only my opinion:
We have had a massive news vacuum and lingering painful wait for the Nasdaq listing.
Suddenly Dendreon has a bad day - I concur with another poster that the after hours crash in Dendreon is either a contrivance to induce panic OR a severe over-reaction to Dendreon's report of a reduction in predicted sales.
Remember that this is Dendreon we are talking about and not Prima which I believe has a far more efficacious treatment for ovarian cancer than Provenge is for prostate cancer.
Now we are witnessing a typical panic selloff +/- trailing stops being triggered.
The fundamentals have not changed. I bought this stock on the fundamentals.
I have loaded up bigtime today after selling other more spec stocks and am happy to wait for Prima to bring cVac to commercialisation.
There may well be a further drop in the Sp, people, but guess what - no-one's going to ring a bell when it hits bottom before an upturn. So I got in now while the going was good - IMHO only of course!
The following is only my opinion:We have had a massive news...
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Last
42.0¢ |
Change
0.025(6.33%) |
Mkt cap ! $598.3M | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 42.0¢ | 39.5¢ | $890.1K | 2.163M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 127863 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 30850 | 2 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| IMM (ASX) Chart |