Never underestimate the ability of the stock market to efficiently price all publicly available information during after hours session. You must be new to trading stocks
No body expected it to open at this hour. And then some one showed up selling 12000 shares at $34. They immediate took it to 28.88. The whole day we desperately waited for approval. But some people were determined to sell it at any price. Imagine those who sold it for $28 and 29. Whoever they were, they were successful in scaring of any buyers from the scene.
Small trades indicate some manipulation as well as some people putting in market + after hour sell orders in when things were reported as negative but failed to cancel perhaps when vote came out positive. I've been through too many of these to not know that the committee ALWAYS gives companies a hard time. Part legitimate; part "Hey I'm from the Mayo clinic and think you didn't dose enough...let me impress you!" This recommendation is just as valid as any other and should be considered as nothing but positive for the stock come Monday.
Once you get past all of the rhetoric and cryptic tweets and geniuses who buy yachts and airplanes trading medical stocks and fools who actually believe what they read on this board and 10% free falls and 25% miraculous gains, the share price is within shouting distance of where it was last Friday before the AF tweet and also coincidentally about equidistant between the 52 week high and 52 week low.
So doesn't this still get down to believers v non-believers in the drugs this company is developing. The 60% approval rating today was highly a ringing endorsement. Much better than 60% against, though.
No. It was recommended for approval by a panel. The big decision is in October.
Do not forget what happened to DNDN. It was recommended by the panel but final approval was declined. The stock dropped 78% the next day.
protect your principal
take this stock up. Another stock, only last month, went down after being approved by FDA, only to go up the next day. It was inhaling insulin stock if you can remember the name, I cant. Something like MANH.
News is already out. Were you on the conference call?
Don't gamble with your money. NPSP would open in the 26's on Monday
it's rigged now...8-5 vote use to give adcom 50 to 100percent pop a few years back...now instead it goes down
Like I said - I bought 2500 shares AH and know the shorts are pushing it down so tomorrow they can cover but I will destroy them. I am Michael Gates.