SOMX - Somaxon Pharmaceuticals, Inc.

[Riginho]

I think it will drop even more until $1,5, unless more FDA news comes out.
It's a matter of waiting some more to buy againg.

[yeppi]

Holder BOXER CAPITAL LLC Sells 500,000 Of SOMAXON PHARMACEUTICALS INC >SOMX

SOURCE: Form 4

ISSUER: SOMAXON PHARMACEUTICALS INC
SYMBOL: SOMX

FILER: BOXER CAPITAL LLC
TITLE: Shareholder

DATE TRANSACTION SHARES PRICE VALUE
7/27/09 Sale 500,000 $3.10 $1,550,000

OWNERSHIP: 971,489 (Direct)

The Form 4 is filed with the Securities and Exchange Commission by insiders
to report transactions in their companies' shares. Open market purchases
and sales must be reported within two business days of the transaction.

Insider Data Source: The Washington Service
(info@washingtonservice.com or 301-913-5100)



(END) Dow Jones Newswires

July 29, 2009 16:48 ET (20:48 GMT)

I guess you have to pay to have an access to this site? Yeppi

[yeppi]

As a gerenal rule I don't buy stocks withing the first hour of trading, this way you are not caught in the opening run up only to see it dip an hour later. It took me a while to learn this lesson, always second guessing myself and pulling the trigger too early.

Thanks for this tip! Do you also wait and not sell within the first hour of trading? Thanks. Yeppi

[DogDayTrader]

Thanks for this tip! Do you also wait and not sell within the first hour of trading? Thanks. Yeppi

The rule applies less to selling that it does to buying. Most OTC's will make a run within the first hour of trading (due to positive news, performance in after hours trading or foreign markets), hitting their high for the day and then dipping down or leveling off before gaining toward the end of the trading day (this of course is implying that the stock is bullish). This by no means applies to all stocks. It is simply an observation.

[Call_Long]

I think the support is around 2.3 to 2.4 shortly.

[hollywood]

Sorry to everyone who is holding this stock. I have been watching it for a couple of weeks waiting for the price to drop below $2.00 to enter. Of course it didn't look like it was going to until I picked some up at $2.15. Now it has dropped for the last two days, flirting with the $2.00 mark...

[scottsdale]

Hi,
does anyone know this stock?
From 3,25 of 2 days ago to 2,45 of yesterday.
Is that a good entry point?
Thanks
Paolo

[doozie010]

This stock trading range between 2-3 dollars until Nov. The FDA decision date on Silenor has been set to 12/4/09 for their NDA resubmission.

[scottsdale]

This stock trading range between 2-3 dollars until Nov. The FDA decision date on Silenor has been set to 12/4/09 for their NDA resubmission.

Thanks doozie!!

[Lucifer]

SNTS, SOMX and possibly MELA all due on Dec 4 2009
I am not so sure about FDA being on time for this one
However I do agree with the $2 - $3 observation
Been making money the last couple of swings
Now it's public news, it's going to be more risky
A good chance to polish one's trading skills I suppose
Good luck to all