SRDX - SurModics - Biotech IPO Message Board

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Biotech / Medical : SRDX - SurModics - Biotech IPO

SRDX 31.15

+5.7%

Apr 28 3:59 PM EDT

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From: Lance Bredvold	8/2/2023 1:18:39 PM
	of 83

Darn it; Earnings looked good as I expected today and the stock immediately jumped. Then, much to my surprise, began to decline and actually was down to $29.61 and I've been buying at $30 and below. Apparently as the conference call was registering management probably reminded investors that profits would not be immediate causing the reversal. So I placed a limit order at $25.50 but by the time I got all my ducks in a row, the price had started up again and was above $31. Missed it just barely. I still think the price will equalize around $40 before too many months just based upon expectations of future profits and after sales start growing we may have another advance into the $50's and $60's for my heirs to appreciate.

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