I took a rather large position long at 5. Sold half at 7, holding the rest long-term (i.e. until I have sufficient evidence that I begin to question the viability of this co's drug pipeline)
I have a small position , so I can feel the fear and greed on a small scale. I want to see a final push down on heavy volume.
However, a double top break down with a bear flag pattern is suggesting a move to $5.
I would start accumulating a large position at $5. Right now it can go either way.
No longer or short position, just my curiosity to see how many days to bankrupty after failure of ganetespib.