people know there's always new money that floods into these kind of stocks after announcements.... They are shaking out the weak hands before they load up cheap... Trust me, I come from the SPWR and solar message boards, we are the kings of after ER drops on great news, only to rebound higher! this is no difference... Volume is too low for you to be selling into... if there was high volume and this was selling off; i'd understand... but as we saw yesterday; volume makes this go up! BUY
Sentiment: Strong Buy
What we have here is a failure to communicate. A little sell the news and buy the rumor.
Once the fast money finally leaves (by tomorrow), the shorts will need to cover and the price should start to re-climb the wall of worry.
Did you expect it to jump to $140 just based on yesterday's news? MCL is a small population of patients, and the cost of the drug is enormous.
Getting approval for CLL and other indications will help, but now there's a bit of concern about uptake of the drug given the cost. I still believe it'll sell well--for what that's worth--but the market will want to see evidence of that.