imho this still need to fill the gap to $10.84. Look at the chart. When this sillyness began the institutions let this open at $10.84, then everything from $10.84 to just under $14 was pumping and emotional retail longs. This will continue down to where the institutions had set their perceived fair market value, and the institutions will profit on the ride down to that number.
Now biotrader is going to follow behind and call me all kinds of names.
I would have waited. This thing is on a nose dive because earnings are complete and insiders know whats in them. This will continue to fall until next Tuesday, and possibly beyond. I think under $10 is a good buy in.
$10.84? LOL... this was pumped since the 2's. This will head back there before the FDA even looks at their NDA which they won't be filing until end of 2014. Don't you guys get it yet? This was pumped to let INSIDERS exit their positions with millions of dollars. They got stock options between FREE and about 2 bucks or less. They sold them at 13!! for 100's of thousands of shares combined. Not bad for those insiders eh? And now they want to dillute the longs with 7.5 million more shares. It's not an accident that they decided to do that NOW when people feel "good" about ACAD... in 6 months everyone will forget about them... their stock will be worth 2 bucks again and insiders will have received free shares .. 7.5 million of them. What a scam they pulled on you all.