Do not forget that there is a BUYER for every seller. Over 300,000 shares BOUGHT already today by some smart money! Sellers will regret it when pending results come out. (im)Posters like btxian who say this co is a joke don't know pharma history. Drug cos can go off like rockets BEFORE any revenue comes in. Look at these rockets: Inhibitex (INHX) quadrupled when they had a positive mid-stage study – then they were bought out. MELA almost quadrupled when there was positive news about their cancer drug. ILMN just got bought out (I owned that too!) Pharmaset had zero revenue and ONE drug half-way through Phase 3 when they were bought for $10.8 Billion. Medivation, received $220 mil for a trial on a Phase Three drug from a major pharma... stock went up $23 in one day. Later the drug failed - but they still have about $1B market cap, and zero revenues. ALL it takes to get an offer from a major player is ONE drug! This is a very LOW risk play at these prices... I'm buying more today. Good luck to all!
While it is true that there is a buyer for every seller, the price action is the true indicator of the market's sentiment. This is yet another day of moving lower on higher than average volume - sellers are hitting bids as opposed to buyers lifting offers. What will be the catalyst to change this?