"Freefall" is just a bit of hyperbole. You expect these strong downdrafts in the biotech world. With the fear mongering over the "bio-tech bubble", the implosion of ARIA, and the fact that today is options expiration, it's not surprising to see some profit taking.
Just couldn't stand the pain. Lost over 150g in three weeks.. Locked in 250g gain in 12 months...A bumpy ride....but just too risky...It was some journey, but not for a 63 yr old.......Good luck to all. Watch out for those crazy pumpers.. I might get back in @ $40. Joe