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Translation: "I didn't get in when the pps was in single digits. I shorted it at $16. I'm going to have to move from my double-wide to a cardboard box if there isn't some panic selling soon."
Nice job translating that mess.
Translation: Made good money, holding on to money, watch fools paying premium for Phase II drug as though it was approved,than one bad news comes along, panic selling (easily drops 10-30%), scoop up shares, and make a quick profit.