Extremely undervalued biotech stock
🕑 Added 2021-02-03 12:03:49 +0000 UTCHey Patreons,
I was on Benzinga live yesterday and talked about a very exciting biotech company, which is currently extremely undervalued, in my opinion. The company is trading under the ticker BCRX and is called BioCryst Pharmaceuticals, Inc. The current price is $10.53 as of February 2, 2021. I think the realistic price for this stock should be around $18, within the next 6-12 months. FYI - I purchased a few thousand share yesterday at $10.43 so its important to disclose that.
Comments
SP
Hi @Tom are you still holding on to BCRX or is this time to get out.
Costin Lungu
@Ani Popescu try finviz https://finviz.com/quote.ashx?t=BCRX
Ani Popescu
hi @lyubomir Great seeing your research. I am new ..please can you share where you are following up the short interest on stocks? Thanks
Lyubomir
OK, I read a bit about this company and I was going to buy some shares but then I saw the Short Interest which at the moment is 20.17%. I wonder what do you think about that, Tom? Isn't that a bit risky? This percentage seems a bit higher to me.
Mr Makuffa
"I purchased a few thousand share yesterday at $10.43 so its important to disclose that. " I actually understood from this sentence that you bought 2k shares @20k$. Is it my english or...? 🤑
Ionut Bacalu
Thanks Tom 🤑🍻
Generico Fakero
Here you go. Bought it for days ago. Still holding lol
Generico Fakero
<img src="https://c10.patreonusercontent.com/4/patreon-comment/eyJ3IjoxNjAwfQ%3D%3D/8sUDwaZBpEBxxwsLqLBE6tTocHOVXbBtL8FgFW5RoEf0zNRNjcNf7_9bpGr4iPvE.jpg?token-time=1740441600&token-hash=GLWWoVtM8WcBmXsb-ro8y1_h3YAppCIm5UcW1Oeiqxo%3D"><br>
Ionut Bacalu
I also trust him, that’s why I’ve became patron, but I would trust him even more if he provide us some evidence that he is buying what he’s buying!
Charles Pare
Why a screenshot? If it's to prove anything, it's easy to generate a fake one. I thrust Tom on this. Maybe when he says publicly he buys something he could say when he sells it.
Ionut Bacalu
Hello Tom, when you are buying stocks, could you please share with us a screenshot of the trade? Many thanks!
Costin Lungu
I bought this stock in blind trusting Tom's recommendation but the more I research on it to more I realize that there is like a cult following for this stock and some drama there also. Oh...and don't forget about the short selling. What did you guys find?
Costin Lungu
The support line was at 9.50
Costin Lungu
There's talk on reddit wallstreetbets about bcrx...
Fabien Nicolas
bough today ! Thank you Tom!
yazan
guy should I buy the dip now its on 9.64 ? or wait
Costin Lungu
Personally I prefer a long play. I keep a small amount to gamble but for the majority of the money I prefer safety. I will buy more as soon as o have the chance.
Generico Fakero
It’s a long term play, not really relevant if you like the stock. Entry price is only important or day trading and swing trading which I know nothing about
Elie Bellama
Dropping nicely. Shoulda waited a bit. @tomnash what’s your take on it? Should we average down or hold.
Aryn Nakaoka
In for $5k as soon as you pick lol
Generico Fakero
It’s an early stage company so the financials wouldn’t be of much use here
Costin Lungu
https://seekingalpha.com/news/3656590-biocryst-climbs-after-being-named-the-most-undervalued-stock-in-the-market
Costin Lungu
https://seekingalpha.com/news/3657683-biocryst-climbs-after-fda-approval-for-rapivab-in-infants
Costin Lungu
It's interesting that after good news it dropped
Rbix10
im in lets play :)
Mohamed
Can you share a screen shot please?
Charles Pare
IMO the goal is not to pump a stock (and cause harm to the bagholder) but to find undervalued stocks so everyone is winning when mr. marker discovers the real value of the company
Costin Lungu
We can ask all the patreons to join in and pull a wallstreetbets on it :))))
Elie Bellama
Just kidding I jumped in too soon lol. It will come back though. Not so worried
Costin Lungu
Can someone please help me understand what causes these huge fluctuations after and premarket?
Costin Lungu
The dip?
Elie Bellama
Looking forward for the dip to sell
Elie Bellama
Buy 2000 shares at 11.20
Marco Nierop
That Japanese approval was granted more than a week ago: https://www.zacks.com/stock/news/1251300/biocryst-bcrx-wins-japanese-approval-for-hae-drug-orladeyo?cid=CS-MKTWTCH-HL-analyst_blog|company_news_-_medical_sector-1251300&mod=mw_quote_news
Costin Lungu
We benefited from yours and we thank you for taking the time
Bruce Turnbull
Tom did a youtube live with Jason Raznick recently so Im assuming that Tom went on Benzinga to reciprocate.
Costin Lungu
Sold all the Nio and bought this. Fingers crossed. :))
Charles Pare
Thanks for putting on Patreon first :-)
Bruce Turnbull
400 shares at $10.68
Mr Makuffa
Agree
Marco Nierop
But live on Bezinga? what is that all about?!
Robert Tillung
Don't chase. Wait for a healthy pullback around yesterday's close, if possible (filling the gap)
Marco Nierop
OK, I will open a position too, will close an ADBE position for that, which has disapointed me quite a bit.. Lets see if this one does better. Looked over the latest 10Q, but financials and balance sheet are not really stellar, not that they would go bankrupt or something, but still a losing business.. But that might change if that Japanese approval comes out and the EU also approves that one or 2 medicines they have right now. This should boost their revenues the next few quarters. Also read the Januari 2020 presentation, Patients really like the medicins and are improving their lives tremendously, over 70% of the patients would take their pills, over existing medication administered with injections, also it improves the rate of HAE attacks (whatever that is LOL!). So when it is approved in more places around the world it should generate a lot of cash. Plus it is a medicine that patients should take on a daily basis, so revenues should grow, and grow, with little chance of decline. OK, I did my own research, how about you guys!
Generico Fakero
look at the short interest % - that is why the price is so low. its 20% shorted!
Poom C
where in the benzinga stream did they talk about this company? Thanks!
Mr Makuffa
There's still an ugly gap in chart... It was partially closed, but between 9.06 and 9.45, it's still open,no?
Loren Saunders
I dipped in at 400 shares. I'll take a 20% pump this week for sure then scale back so I can re-deploy to my basic strategy.
Loren Saunders
Love that you bought a few thousand... that's a pretty good indicator of your confidence level.
Avi Zloof
Just bought at 11.1
Mantas Lukošiūnas
Dears, you should check TransEnterix inc. They were about 100usd stock, went down to 1usd, now they have changed ceo and business model simmilar to BNGO. Now theybare installing surgeon robots free to hospitals and charge for tools, soft and etc. Now it is back to 3usd +
Jerome Van Herpe
I can also see in august 2019, stock dropped all the way to 1.9 and really only picked up post pandemic rally. Did you find any interesting facts about fundamentals changes in the company?
Mr Makuffa
Pre Market 11.90 +1.37 +13.01% Crazy...
Costin Lungu
And it's already up by 11%
Jerome Van Herpe
Can you give some insights on why you would think that? Or are you reserving this for one of your video?