SRPT traded up to $55 on Oct 7th. Nothing has changed in one month except for a few Seeking Alpha articles & it now trades at $34. That's just crazy.
The difference is that something did change for ATRS: it got the key FDA approval since it has been in business, I thought.
Each can blame whomever they wish: evil short forces, negative shareholders on the Yahoo MB, or management's conduct of its relations to investors, I have never seen a worse reaction to an FDA approval. It is inescapable that more sellers were trying to find buyers than the other way around. If I were Gonella, I would be dismayed. I am not Gonella, but even so my attitude toward this investment fundamentally changed.
I think if you just hold on to the bags right now it will just take time for money to come back in, SSH, ACRX for example will get back to highs, may take a year or even longer but eventually they usually come back
This stock is not a bag. Someone did this on purpose. Why insiders are not concern about this nonsense is another question. If I witnessed my company's stock value drop over 20 percent post approval, i would be asking questions and taking action against the people doing it.
"Investors who owned that stock for over 2 years are still in the money with a great return." This is true even with the reverse split. The other change was the increase in shorted share to almost 35 percent of the float. My question is what firms are recently allowing shorts to borrow all these shares from investors accounts. The short interest did change in this company by a crazy amount.
SRPT looks about as clear to me as anything I've seen. We've got video of some of these kids which shows with 100% certainty the drug works. The sample size is small but that doesn't explain how the disease process has stabilized for the kids on drug.
I don't care if they have to do a Phase III trial the company should not trade as low as it does at this time. No one can tell me its only worth $1.2 billion, it doesn't make sense.