Thursday, December 4, 2008
our good old friend ACUS
whats up fellas. I wrote an email yesterday, but thought the blog might get a better response. ACUS is now at .74 a share. it hasnt been below .50 cents since howloween. right now we have a purchase price of .41 cents. Do we think its going to drop again to that. I know I dont. Rizzi seems to think that it is stuoid if we pick it up again at the price it is at, and i agree, but what if we miss the boat totally. Is it worth picking it up again or do we just say goodbye to it? thoughts?
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7 comments:
Picking it up at 0.75 is risky. I think we orginally bought it at like 0.59 and Pat mentioned that we should have sold at 0.80. Well it was at 0.50 a month or so back and we didn't pull the trigger - now its at 0.75. Not a bad return if we jumped on board. I still think that if it gets the FDA approval, there is a chance it reaches the 1.00 range.
Unfotunately, I think we missed the boat to get on before Dec 10. If it drops back into the 0.50-0.55 range, I say we get in on it. Otherwise - we wait and see what happens Dec 10.
I'm staying neutral on this vote, but there are enough of you out there to make it happen if you want it to. One thing to keep in mind... if they don't get their approval, it's going to drop down to .20/share. Nothing is guaranteed, grasshopper, or everyone would be buying it.
We missed the ACUS boat. We made a decision to buy the stock at a certain amount and we just didn't do it.
That said, our last meeting was in early August. Should we map out a day in mid-January to revisit our portfolio, pay our 1Q 09 dues and press forward? Perhaps Billerica can host?
I LOVE BEING RIGHT - good thing we didn't buy... I'm out - gotta go interview for an opening on Fast Money.
http://finance.google.com/finance?q=NASDAQ:ACUS
... are you guys going to motion to buy it while it's at the buy price? I just don't want to hear any complaining if it gets back up to .65/share and we "don't want to miss the boat"
My first question is why did it drop to 0.33 in a day? Is there something going on here that we don't know about? What gives?
Can anyone enlighten us here?
I am back and forth with this. Its at the price right now that I think we should get in at, but at the same time who knws what is going to happen with the FDA after thesse new side effects. I guess we keep it on the watch list for now. I will talk to papa strati about these new side effects.
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