Anyone who sells their stock today because of the decline without actually knowing the results should no longer trade biotech. Think about what you just did. You let fear decide your choice and nothing but fear. There was no logic involved in your decision. You simply got scared and ran from a stock that you have probably been holding now for some time. All the posts leading to this day from trolls or shorts, were trying to scare you and mess with your heads. You never sold. Then the actual day you are waiting for comes and because of a down turn in the stock you run.
You shouldn't bet with money you can't lose. So give up on biotechs and move on if you sold out of fear. There is no room for you here, you are just wasting your money.
Hindsight is 20/20. What if you sold and it was approved? Many of you are missing my point. The stock dropped 1 dollar and everyone starts freaking out. Why? No reason just because you think that someone knows something and because it's down it must not be getting approved. There are no facts there just thoughts. If the stock doesn't get approved today then those who sold can be happy that they saved a little cash, but please move to a blue chip stock because you are wasting your time. If you are happy making a little cash or losing a little cash then bio tech is not for you. Its big winning or big losing, no kiddies allowed.
I did not sell today but almost did! What you say is not exactly true! Some people would rather keep the money they made and move on, which there is nothing wrong with that! There have been stocks(mostly biotech) that I have sold on a large down swing and kept the profit I made! Some I bought back later some I kissed good bye and have not looked back but made money on!
Sentiment: Strong Buy