GREY:IPHAF - Post by User
Comment by
stockman6on Jan 25, 2002 3:27pm
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Post# 4687445
RE: Heads up/Beckysboss
RE: Heads up/BeckysbossNot involved in any of the 3 stocks that have dropped like a rock lately, SYB, ONC, or AXO, but I'd have to say, taking a quick look, that I disagree with you that AXO is worse off than the other two that you have been touting the last month, ONC and SYB.
SYB was talking about "exploding diarrerea" for crying out loud, suspended all operations, and laid off 1/2 of the company. That is game, set match.
ONC announced that Pfizer terminated their agreement and that the next stage of testing for their "pivotal" drug will not be initiated.
AXO had questionable results in PhaseIIb trials, likely good enough in the States to continue, but the discrepancy with Canada needs to be resolved. They will definately be delayed and at a risk of not getting necessary funding, but of the three, I would say that AXO still holds the most promise, and may be over sold. I'm actually watching it closely over the next few days to see how the story progresses. Regarding the huge trading volume today, don't underestimate daytrader activity. I would say that some shares may have traded hands 10+ times, so hesitant to say that "over half of the shares traded today".
Just my thoughts.