I am expecting a big overall market sell off just before the government goes back to work. (Thanks in advance to McConnell for getting the gov back to work - maybe some other republican). Looking at the charts it seems a lot of biotech's go to about the 200 day MA in the 4th quarter. But others are resilient and one has been ACRX. Now I expect a dip to the mid 8's on a sell off but, the chart and upcoming 4th quarter news ought to send ACRX to 13 or 14 before year end. This week the selling was started by shorts and may have some margin related trades in it. On a market sell off I expect VTUS to go to the low 2's. Strange stuff but, with the government shut down..... ZLCS might get to 4 or low 4's on a sell off.
JMO and of note, everyone seems to have done better with their trading than I have recently. FWIW then ACRX is a buy now. Good Luck!
Thanks trees; I'm underwater on ACRX but didn't want to miss opportunity for acquisition. I will pick up some ZLCS if and when it hits 4ish. I'be been watching and waiting for the bloom to come off the rose on that one.