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re: Akebia Therapeutics (AKBA)- Vadadustat FDA Approved AT LAST!!

Posted on 2/24/22 at 6:05 pm to
Posted by bayoubengals88
LA
Member since Sep 2007
24743 posts
Posted on 2/24/22 at 6:05 pm to
I’m happy to report 100 new shares at 1.89 this morning. That turned out to be a great deal!

I think I’m at 754 shares now.
Posted by WDE24
Member since Oct 2010
54853 posts
Posted on 2/24/22 at 6:20 pm to
What is your average cost per share? I’ve got a few thousand shares, but my average cost is $2.15.
Posted by bayoubengals88
LA
Member since Sep 2007
24743 posts
Posted on 2/24/22 at 6:47 pm to
Probably 2.75 to $3
Posted by WDE24
Member since Oct 2010
54853 posts
Posted on 2/24/22 at 8:56 pm to
I was much higher, but more than doubled my shares under $2
This post was edited on 2/24/22 at 8:58 pm
Posted by bayoubengals88
LA
Member since Sep 2007
24743 posts
Posted on 2/24/22 at 9:27 pm to
Great move. I could see us getting to $10 in early April. Could this be one that doesn’t get sold off after approval?

I need to do more research, but I think sales should be strong early (unlike AUPH with Lupkynis).
Posted by WDE24
Member since Oct 2010
54853 posts
Posted on 2/24/22 at 9:36 pm to
I think it might drop again on earnings next week before hopefully climbing in advance of pdufa
Posted by bayoubengals88
LA
Member since Sep 2007
24743 posts
Posted on 2/25/22 at 6:35 am to
From Conversations on Yahoo: "Some here question why Vifor bought shares from AKBA at a premium price rather than in the secondary market. Obviously, that’s because they got expanded distribution rights for the price paid. If you believe Vad will be approved for the DD community, which Vifor obviously does, then it makes sense. Their logic must be that they will be able to cash in the shares at a higher price in the future."

Posted by Hussss
Helena, AL
Member since Oct 2016
7803 posts
Posted on 2/25/22 at 11:03 am to
I love swinging this stock.

I’m going to trim some @ $2.40 and $2.7 on the swing but keeping my core position until $5.
Posted by WDE24
Member since Oct 2010
54853 posts
Posted on 3/2/22 at 9:46 am to
The market appears to have shrugged off the disappointing earnings data and is anticipating a positive fda outcome with the anticipated pdufa date at the end of March.
Posted by bayoubengals88
LA
Member since Sep 2007
24743 posts
Posted on 3/2/22 at 9:55 am to
I really would like to make about 5k here for my sanity (AUPH).
Posted by bayoubengals88
LA
Member since Sep 2007
24743 posts
Posted on 3/2/22 at 10:01 am to
142.2 million in revenue for Auryxia is nothing to sneeze at when you’re sitting at 400m market cap. That’s also a 10% increase yoy. Great revenue in addition to what’s to come.
Posted by bayoubengals88
LA
Member since Sep 2007
24743 posts
Posted on 3/2/22 at 3:44 pm to
quote:

WDE24

Good day!

Did anyone trade it?
Posted by Hussss
Helena, AL
Member since Oct 2016
7803 posts
Posted on 3/2/22 at 3:45 pm to
I trimmed some @ $2.4

Looking to trim some more around $2.7

Posted by WDE24
Member since Oct 2010
54853 posts
Posted on 3/2/22 at 4:44 pm to
I think it climbs above $3 before the end of the month (but I never saw it going below $2, so I’m probably wrong). I’ll probably sell some then to lock in some gains.
This post was edited on 3/2/22 at 4:46 pm
Posted by Hussss
Helena, AL
Member since Oct 2016
7803 posts
Posted on 3/3/22 at 11:43 am to
Just trimmed some more @ $2.68

Holding a core position until close to $5
Posted by bayoubengals88
LA
Member since Sep 2007
24743 posts
Posted on 3/3/22 at 6:53 pm to
Quite the multi day runner. Stunning performance as the sector was down 3.5% at one point.

This feels like $8 in early April.

However, I'm selling the approval this time. Lesson learned.
Sure it could reach $12, but even if it does, it'll likely see $5 again at some point.
This post was edited on 3/3/22 at 6:54 pm
Posted by ShootingsBricks4Life
Member since May 2017
2601 posts
Posted on 3/4/22 at 10:08 am to
quote:

However, I'm selling the approval this time. Lesson learned.



The approval might come late March correct? I think I might do the same and sell especially if it hits $8. I can always hop in for another ride if it drops below $5 down the road.
Posted by bayoubengals88
LA
Member since Sep 2007
24743 posts
Posted on 3/4/22 at 11:33 am to
quote:

The approval might come late March correct?
Unless the FDA is delayed, it WILL happen on Tuesday 3/29.
Posted by WDE24
Member since Oct 2010
54853 posts
Posted on 3/4/22 at 1:28 pm to
quote:

Unless the FDA is delayed
which I kind of expect
Posted by jmcwhrter
Member since Nov 2012
7995 posts
Posted on 3/4/22 at 2:05 pm to
JP Morgan hit piece... how the hell do I keep getting stuck in these 'sure things' that get manipulated to hell
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