the vol has dried up considerably on the sell side. those who got pounded today just dumped what was left.
while i feel horrible for those who bought ahead of the results, it may be a good time to add a small position as the need for a new sedative is a huge market! as medicaid/medicare decreases reimbursements, these "small in-house or in-office" procedures will be in huge demand. if GFLD can take even 10% of that market, the revenue stream will be enormous. can you see why management wants to be as PROACTIVE in showing the FDA that they are taking the MOST conservative approach?
fund managers are staying tight with their money. level II (as accurate or inaccurate as it can be) is showing 100's-1000's of shares being traded. this is hardly the work of a fund manager jumping ship.