ACR - Acrux Limited
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No Ordinary Duck
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Re: ACR - Acrux
Another which has escaped Fundamental scrutiny of "Value" investors.
Another which has escaped Fundamental scrutiny of "Value" investors.
McCoy Pauley
Get out of here Budweiser!
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Re: ACR - Acrux
Roger Montgomery wrote about Acrux in the Eureka Report last night. So it's not escaped the attention of all value investors.
Roger Montgomery wrote about Acrux in the Eureka Report last night. So it's not escaped the attention of all value investors.
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Re: ACR - Acrux
I have had it on my watchlist for over a year now...I'm not sure whats holding me back...even at this prices...maybe its just due to my personal vendetta against big pharma??
Still watching with interest however.
I have had it on my watchlist for over a year now...I'm not sure whats holding me back...even at this prices...maybe its just due to my personal vendetta against big pharma??
Still watching with interest however.
skc
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tinhat
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Re: ACR - Acrux
As a value investor, I've beendoing very well out of ACR in recent months. I bought at 310c, sold at 381c, bought back in at 342c and I see that today it is at 415c which is above my valuation, so I might have to put a stop loss on it.
ACR are due to report around about the 22/08/11. It will be interesting to hear if there will be another milestone payment from Eli Lilly soon and if it weill be distributed as a dividend.
As a value investor, I've beendoing very well out of ACR in recent months. I bought at 310c, sold at 381c, bought back in at 342c and I see that today it is at 415c which is above my valuation, so I might have to put a stop loss on it.
ACR are due to report around about the 22/08/11. It will be interesting to hear if there will be another milestone payment from Eli Lilly soon and if it weill be distributed as a dividend.
Out Too Soon
My real name is King Julian ;)
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Re: ACR - Acrux
Looking healthier now
nice rising price wedge has broken out
Looking healthier now
nice rising price wedge has broken out
tinhat
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Re: ACR - Acrux
ACR has had a nice run-up starting in Nov 12. On the weekly chart, if it does have a pull-back over the next few weeks, that could form an inverse head-and-shoulders pattern. I'll keep watching the price for a pull-back opportunity.
ACR has had a nice run-up starting in Nov 12. On the weekly chart, if it does have a pull-back over the next few weeks, that could form an inverse head-and-shoulders pattern. I'll keep watching the price for a pull-back opportunity.
Country Lad
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Re: ACR - Acrux
I have heard a few people saying that "I'll buy on a pullback" which intrigues me somewhat. If a share is showing positive signs which signal a buy, and the market action is also positive, then I do just that - buy it, and if the signals are not there, I don't buy it. To wait for a "pull-back" seems a bit odd to me because if it pulls back, then it quite likely has failed and could pull back a lot after you buy it. Not a concept I understand due to adding a probability of missing a run.
In any case, ACR is a very simple one for me, if it pulls back, the pattern has failed and it is ignored. If it breaks up and the market action is good, I will buy.
Cheers
Country Lad
I have heard a few people saying that "I'll buy on a pullback" which intrigues me somewhat. If a share is showing positive signs which signal a buy, and the market action is also positive, then I do just that - buy it, and if the signals are not there, I don't buy it. To wait for a "pull-back" seems a bit odd to me because if it pulls back, then it quite likely has failed and could pull back a lot after you buy it. Not a concept I understand due to adding a probability of missing a run.
In any case, ACR is a very simple one for me, if it pulls back, the pattern has failed and it is ignored. If it breaks up and the market action is good, I will buy.
Cheers
Country Lad
tinhat
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Re: ACR - Acrux
Thanks for the feedback and the chart Country Lad. That's my problem, I generally tend to miss most opportunities rather than pull the trigger. Acrux is looking like it may have started a solid run looking at the daily chart, but on the weekly it looks like it might be about to pull back. It's hesitating at the 200 day MA (5.53).
What I am suggesting is that a pull-back to somewhere around the 3.25 - 3.30 area would not break the momentum in my opinion. I also agree that waiting for a pull-back for entry might be missing an opportunity.
Anyway, it's nice to have a chat with someone here about stocks. You wouldn't know it was reporting season. You would think that after all the hand-wringing in the TLS thread over the past year or so, the TLS results would get at least one comment! There you go.
Do you know when Acrux is due to report?
ACR is one of the very few stocks that I have traded in and out of over the past couple of years. It came up in my filters on the weekend.
Thanks for the feedback and the chart Country Lad. That's my problem, I generally tend to miss most opportunities rather than pull the trigger. Acrux is looking like it may have started a solid run looking at the daily chart, but on the weekly it looks like it might be about to pull back. It's hesitating at the 200 day MA (5.53).
What I am suggesting is that a pull-back to somewhere around the 3.25 - 3.30 area would not break the momentum in my opinion. I also agree that waiting for a pull-back for entry might be missing an opportunity.
Anyway, it's nice to have a chat with someone here about stocks. You wouldn't know it was reporting season. You would think that after all the hand-wringing in the TLS thread over the past year or so, the TLS results would get at least one comment! There you go.
Do you know when Acrux is due to report?
ACR is one of the very few stocks that I have traded in and out of over the past couple of years. It came up in my filters on the weekend.
tinhat
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Re: ACR - Acrux
ACR - doesn't appear to have started trading today. The market data I am getting in comsec is pre-open data with no trades recorded yet. !?!!
ACR - doesn't appear to have started trading today. The market data I am getting in comsec is pre-open data with no trades recorded yet. !?!!
tinhat
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Re: ACR - Acrux
Open was delayed due to announcement of granting of patent in USA for their armpit testosterone. I found this info on another forum. I bought today at 3.80 - yes, call me crazy buying on an announcement.
Open was delayed due to announcement of granting of patent in USA for their armpit testosterone. I found this info on another forum. I bought today at 3.80 - yes, call me crazy buying on an announcement.
Country Lad
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Re: ACR - Acrux
I thought there was some kind of setback with respect to government approvals last year sending it into a tail spin.
Perhaps the market is mistaking a patent for an acceptance?
I thought there was some kind of setback with respect to government approvals last year sending it into a tail spin.
Perhaps the market is mistaking a patent for an acceptance?
skc
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Re: ACR - Acrux
21 June 2012 they indicated problems with the patnt application.
Important to note that they are already selling the drug using the underarm application. So the patent stops others from using the same delivery methodology (or they have to pay ACR/Lily for the privilage), but it doesn't directly change the sales revenue of the drug.
The fall of ACR really started back in Aug when they reported poor figures...so fundamentally little has changed.
The chart today is showing that buyers got a bit over excited on the news... it remains to be seen if the gap would close at ~$3.60 over the next day or two.
21 June 2012 they indicated problems with the patnt application.
Important to note that they are already selling the drug using the underarm application. So the patent stops others from using the same delivery methodology (or they have to pay ACR/Lily for the privilage), but it doesn't directly change the sales revenue of the drug.
The fall of ACR really started back in Aug when they reported poor figures...so fundamentally little has changed.
The chart today is showing that buyers got a bit over excited on the news... it remains to be seen if the gap would close at ~$3.60 over the next day or two.
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Re: ACR - Acrux
Thanks SKC nice and clear as usual
Thanks SKC nice and clear as usual
tinhat
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Re: ACR - Acrux
Sold for 3.89 for $475 profit on a $20000 trade. Was it worth the risk?
It looks like there was a panic buy early in the day (short covering?). It's not looking likely that the price will close above the open. I might put another buy order in down inside the gap at around $3.70. I've got some other orders in the market so depends on what happens there.
Sold for 3.89 for $475 profit on a $20000 trade. Was it worth the risk?
It looks like there was a panic buy early in the day (short covering?). It's not looking likely that the price will close above the open. I might put another buy order in down inside the gap at around $3.70. I've got some other orders in the market so depends on what happens there.
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Re: ACR - Acrux
With respect to the patent, according to some, it makes it an attractive take over and there are a few rumours floating around about a US company that is possibly taking a bit of a look.
That is helping fuel the bounce.
In these situations I find it's usually more enjoyable to let it do some rehab first.
With respect to the patent, according to some, it makes it an attractive take over and there are a few rumours floating around about a US company that is possibly taking a bit of a look.
That is helping fuel the bounce.
In these situations I find it's usually more enjoyable to let it do some rehab first.
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Re: ACR - Acrux
Tinhat
I was browsing on ACR threads and found your posting.
What do you think of your decision made in Feb 2013 with current price. Felt lucky hey?
great job done.
What do you think of ACR today ? Re-entry level ?
Tinhat
I was browsing on ACR threads and found your posting.
What do you think of your decision made in Feb 2013 with current price. Felt lucky hey?
great job done.
What do you think of ACR today ? Re-entry level ?