This is going to go 10% high from the low and flash crash is imminenet. It will drop like a big bomb
I may short with every .25 hike from here. There are no news and Squeeez and covers were expected. When it goes down from the broken Drug and Stock is a good opportunity to short with spike up. I would not be a pig and get slaughtered. This will go very very low.
Seriously? The platform is intact ... just requiring lengthier trial. SRPT traded at this level long before the positive walking test results were known, long before GSK's disastrous results. We have no safety issues and positive results, albeit in a small sample. This is simply a long(er) term story now. Do you ever consider the human collateral damage this is doing?
Now SRPT faces more stricter approval process with very lengthy trail. It will take almost 9 months to a year to negotiate with FDA and then minimum 2 years before Phase III is completed and without guarantee that it will be approved. complete process for the drug if successful will be 5 to 10 years behind. Beside tough competition, cash burn out, Legal issues and lots of uncertainty will break this company. Severe Damage has been done and lot more yet coming if legal investigation and any weakness will make Lawyers very rich and share holder very poor day over day. So best thing to do IMHO is to take profit or loss and run with maoney and there are many good stocks in the similar price range to double. Buying BAC and holding over a year will double and it also pay little dividend.