You don't have to be a genius to understand the news will not be good. They are doing an investigation on their drug, which by the way, will take months. Looking at their balance sheet and what effect this this recall will have, puts it at risk. I think long term, they will get their drug back on the market, but the damage is done and providers will think twice about prescribing this medicine. In the meantime, while they wait to get back and FDA approved again, other companies they have similar drugs, will come to light. I see the stock going lower after Thursday and which point I will start my entry.
I notice that a lot of people buy stocks using emotion and the "it went down so it has to go up" attitude. I'm sorry, but I don't make money that why. I read, run the numbers (balance sheet) and lots of research and comparing similar like companies. I'm not saying this company will go away, like some here. What I'm saying is the logic portrayed by a lot of current longs is ridiculous. I can't see anything positive coming out on Thursday that will move this stock significantly higher. These investigations take time, a lot of time. They will come back from this, although no where near its high, and not in the near future. Which is why I will get in lower than the current pps and walk away for 6 to 9 months. Until then, it will be dead money. You don't have to agree with me, that is your right. But name calling? That is just sad and anyone that has to go low like this should not be investing since they can not handle the pressure.
You're very confident the news will not be good. There may be little news, but bad news? I doubt it. You need to read about what anaphylaxis is and then ask if this is something that can't be overcome. You'll be buying then. Good luck.
If you're so into bashing the stock, and think they will go under, why get in at all? Before this happened; before this made news, you most likely never heard of the company or stock jackass
You do have the right to not read my posts, it's my opinion. I'm a jackass for taking an educated guess based on the facts that are out there? I've just looked at a few of your past posts and comments and realize that you have anger issues against anyone that is not long. You have every right to be upset for buying at the wrong time, but don't take that out of people that actually give their opinion.