Jun. 10 at 6:28 PM
$KALA They need cash soon and will do an offering after P2b data which should come around august or september. That means that the powers that be (institutional investors Baker Bros, Perceptive, etc) need to pump this stock before the P2b data: to raise sufficient capital they need to do an offering at a much higher price.
So this is going up until data is announced. Pumping this stock up is real easy to do with such light volume.
Rebought this on august 4 at
$3.93 after I saw a volume and price spike on august 3. I expect ~
$10 before data. If data is good, this can go quite a bit higher than
$8, but the peak price is limited by moderate market size and fears of an offering.
I'll hold until data, maybe sell ~ 20% before data.
