No, you dont smell a rat. I am a novice investor who tried gambling on a biotech. I invested 50,000.00 and got in at 2.50 per share. I have lost 65 percent of my investment since I got in. This was a learning experience for me personally as well. I now realize how risky this sector can be. Its better for me personally to write off the loss and invest in companies that may be more stable and not such a gamble. Just by the comments on here, I dont see this stock going up anytime soon. Im better off trying to make up my loss with a more stable segment of the stock market other than biotechs. I had to take a chance..you never know. However, before I lose it all its time to move on. Good luck to everyone.
Spring, let someone like TAB step up because what I'm about to tell you is the truth.
1. Zalicus is going to plummet. You are going to lose even MORE money.
2. You'll never learn to trade the market until you learn how to take a loss and move on.
3. Think. Getting back to even means finding a stock that will do better than Zalicus. Okay, you may not know of one right now, but how about you studying for a week to find one while you go into cash before you lose even more money.
4. There are much better stocks than Zalicus, but you'll never make back your loss sitting here. Zalicus is a broken stock. I hope someone like TAB might have the guts to say that, but I'm telling you. Zalicus is a broken stock. It's going to plummet.
Learn from someone who knows: You'll NEVER make money UNTIL you learn to lose money by registering a loss and moving on.