Happy for the longs, however how does this make even the lick of sense? this should be down at least 15% on a down right FDA denial. Yet here we sit at only 10% loss.. I'm blown away at the buyers in the market this year. This is not a bargain at these prices. it's a solid dump for cut loses.
Those who followed this closely didn't think the odds were very high for approval - so there wasn't a lot of downside in the price. On the other hand, if it had been recommended (which would have been a positive surprise) that would have been good for a couple of dollars on the upside.
there are just so many day traders following paid subscription services, plus all those computer trades that trades in micro seconds for pennies......i get lots of tweets, i beat the minions here when i called for over $7 some weeks ago and lo and behold those paid services said to jump onto DEPO and the PPS rocketed over $7 which I sold, then they said they sold so did all their minions.........if you can stay ahead of them or just buy a good company and hang on thats the only way to make money now...CELG is a good one to hold onto for a couple years
I agree with staying ahead of them and buying and holding well-run companies. Maybe somebody knows something, but it seems like the stock has people who love it. I have been wondering about the pipeline.