With poker becoming as popular as it has psychologists have a large pool of people dealing with risk to study. One thing that's becoming obvious is that people who have lost way more money than they thought possible tend to make much worse decisions than before they started playing (oddly enough, the same thing happens to people who have won big). Any stock, this one included, can go to 0. If you hold and it keeps falling you will lose more, but it doesn't seem to matter because your emotions have sort of shorted out and it doesn't register anymore. Trust me, you can hold and still lose.
Best of luck,
one of the fda's duty is to speed up the process of approving new drugs to fight cancer so that dying patients can extend or have better quality of life. i don't think they could resist the presure of denying dndn and see the company bankrupt. they could change any time if they want ----- they have all the power in their hands
i lost $12,000 on my 1k sh. i bought another 1k to-day. i don't encourage others to follow. it seems unreasonable to deny approval with advisory borad recommendation 17-0 for safety and 13-4 for efficacy. they would feel guilty to deny patients the right to access to the drug. people will protest also. hopefully, the situation will be changed. the worst would be down a couple dollars. however, the upside is an open end
Hope you bought long term. 2008 the earliest. DNDN still doesn't know what they want. CC, I thought, was terrible. Gold talked for less than 5 minutes after making everyone wait for 15 minutes. Turned it over to finance. They spoke for 5, then Q and A. DNDN was vague on everything. Pulled all the jobs from their web site. Going to be a long summer and winter into 2008.