BELLUS Health Inc. (BLU.TO)

Why is this going down?

I’m so happy, I got it for $4.09. Now it’s time to get some profit 🤑

this little gem is going to shine let's go

Hi, am I the only long who cares???

Wow !! All this without any news

You've got a Whale 🐋 on the Hook 🪝

What’s the news

These go be like $SBFM Also canada stock.

The 3rd high close in the past few months. Once we close above 12.55; I charterdly see it in free float specially after the FDA nod to start P3.

Moon

Any clues?

Huge bull call.. upgrade with target to $12... 400% upside that is the reason stock is moving up,,,

https://seekingalpha.com/news/3637474-huge-bull-call-on-bellus-health-from-evercore-impliesplus-400-upside

People always take profit when there is an announcement of Phase trials where the instant gratification is not there... BLU will continue to steadily climb. Those cashing in will regret it.

From the Bellus web site: "second half of 2020"

BELLUS Health believes BLU-5937 may be a viable treatment option for patients with chronic pruritus associated with atopic dermatitis. The Company has conducted preclinical studies of BLU-5937 in pruritus, and expects to initiate a Phase 2 trial to assess the efficacy, safety, and tolerability of BLU-5937 versus placebo in approximately 100 patients suffering from chronic pruritus associated with mild to moderate atopic dermatitis in the second half of 2020.

Spoke with Danny Matthews yesterday about upcoming events etc. Bio conference in 5 weeks, earnings August 13th (of course as a clinical stage biotech, I expect minimal revenue but more interested in updates and announcements). Stock is trading at only 2 times cash and extremely undervalued. Executives loading up is a major vote of confidence as well as some tunes that have been increasing their positions.

BLU broke that $4.46 resistance. It's in gap fill land now. We made it guys, it's a smooth ride from now on. Holding since last summer with an entry at $2.10. Long term investing wins again for me.

Been holding for 4 months and am just now seeing green. Doesn't make any sense to sell now when the show has just began!

I have mixed feelings about BLU. Cash situation is good: $98.3M, expected to be enough to fund operations through 2022. On 2/18, RBC Capital analyst Gregory Renza gave BLU an Outperform rating and an $8 TP. BLU-5937 would be the only approved therapy for chronic cough patients but BLU’s Phase 2 trial didn’t meet its endpoint in July and BLU’s price fell from $12 to $2 in a matter of days. There’s a lot of risk here.