And I can't really say I blame them
I know what the FDA reps said, but who trusts anything the Federal government says.
Tomorrow they could come back and say, "The shutdown has forced us to postpone the AdCom and the PDUFA date." And they wouldn't explain or apologize for anything.
Until the FDA makes an affirmative, published statement that a particular AdCom is staying on schedule, the market won't price it in until we get VERY CLOSE to the date.
AdCom will go on as scheduled.
Sentiment: Strong Buy
Your confidence is, well, very confident.
I'm not challenging it.
I'm simply explaining the price the market is assigning to AMRN right now.
Even if the AdCom take place it doesn't mean it's a slam dunk, they still can postpone it or say it's no good, The Oct 19 $10 calls had a 0.85 premium a month ago now the $ 9.00 get 0.20. That's the story