David,
As I've said many times before, PCYC price movements are totally mysterious to me. The only news since we were at $13 is that the Lutrin results were pretty much as expected, so it is not any recently announced news that is driving it. Maybe it's a delayed reaction to the Alcon program moving forward or some roto-rooter excitement/hype.
Given its history of irrational price moves, with this stock even more than others, you really have to focus on the company not the stock price. As I think I said somewhere on SI when the price was around the mid teens, I felt this stock had a better shot at being a 10-bagger than any other that I followed. (A 10-bagger is always an unlikely event of course, and this stock is no exception to that).
Peter |
