Jan. 11 at 10:33 PM
$UNCY Here is how UNCY will play out and why.
The application needs to be accepted in the first place, That should happen in less than a month. But there is NO guarantee it will be accepted by the FDA.
If accepted, there will be an ascend in the price in the expectation of approval - closer to the PDUFA date. But in the interim, there will be price fluctuations - MM manipulations, short attacks etc. (referring to the 6-month waiting period)
If approved, there will be a temporary spike. But lately, the FDA approvals are met with huge selling.
Given all these scenarios, I would not expect the price to go high till we approach PDUFA date.
After that, it's anybody's guess.
That said, I am going to hold for now, buy more after the application is accepted and wait till close to PDUFA date.
I expect by that time, the stock will be trading in the
$15-18 range.
All this, IMHO.
