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Spectrum Pharmaceuticals, Inc. Message Board

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  • c280273b c280273b Sep 10, 2009 1:18 PM Flag

    Many confused dopes here..

    Its called profit taking you fool, the approval was a done deal, it was already baked in, why don't you get it. It wasn't really BREAKING NEWS. If they were to announce tomorrow that a study that they were doing resulted in deaths then the stock would fall big, if they were to announce results far exceeded expectations with outstanding efficacy, then the stock would soar. This approval was the reason the stock went from 1.50 to 8.50, the selloff was inevitable.

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