So Sorry...So sorry to the sellers and so sorry that emotions get in your way of making sound choices. No wonder so many lose money. Why are so many playing desk chair CEO and trying to run a company from a public bulletin board? Is that how you guys invest? No wonder you get so wound up. You should play the stock and not the company. There is a difference.
i read the latest news release again. No where did it say that Rx's have plateaued. What it did say is that the "Level of Pennsaid Rx's in the most recent week has remained similar to those seen in the 4th quarter of 2010..." The word "plateau" implies the top plain with no more upward movement possible- that is what a plateau is. Someone posted the word "plateau" and like all subjective creatures, you took it in and followed each others' sentiment. That caused some negative momentum.
So please get real. Realistically you got two data points: q4 and start of q1. That's it. And from two data points, extrapolation that the launch failed and the sky is falling and it is game over. Totally absurd.
Who uses Pennsaid? The old. If you don't think there is seasonality, think again. The old don't go out when it is cold and icy. They stay home. It's a fact. Rx will be down as a result. If you guys want to do well, you need a well rounded education in all disciplines including climatology or at the least, check the weather in the USA. Some of you probably think this is full of shitake mushrooms. It's not. With warmer weather, more MD visits will occur and more Rx too. i know this is true.
On currency: all companies that take USD are losing due to the weakening USD. And at no time should the $28.3MM be put into anything risky. Low risk = low returns. If they had done anything risky, and lost, then could you imagine what people would be saying? If they had taken $30 MM and dropped it into Manulife at $12, some would say, yippee while others would say, you son of Beaches.
Look at the Rx again: 3 quarters = 67,000 Rx. The last quarter did 32,400 Rx. Almost half of the Rx were completed in one quarter. It's actually good as a start. Of course, some might have been expecting a drag race or something.
It is almost too funny that the extrapolation from "plateau" to "Covidien doesn't care" has occurred. Can someone remind me how much money was paid to Nuvo when FDA approval occurred? It's not a small amount. The rich count every penny. How can any one with half a brain think that a company like Covidien "gives up" after 3 quarters? It's absurd. They have only just begun, dears. Any gains from Pennsaid will help Pennsaid Gel in a few years. It's long-term thinking.
Now some are smart here. Please don't tell me that idiots are buying shares. Well? Someone is buying? Those buyers are actually the smart ones. So so sorry if you have fallen off the trail of this long march.
Look at a long term chart. We have bounced off lows before when things were more precarious and uncertain. Look at all the times the longs could have made back their money. And, like i said before, a reverse head and shoulders is completing. It will soon be up. By soon, i mean count in weeks, not days.
In life, sometimes one just has to laugh.
Take care everyone. No offense to anyone. i love you all.