This is my third approval this month (PCRX and IGXT) they even closed lower after approval. So these days longs take all the risk(look at ALIM) goin into approval but shorts just don't panic anymore and wait for the sales or partnership. Look at CXM, it flew and they brought it down almost 50% so that most longs are back in the red. No realism in this market anymore.
Really, I am shocked... Mm's pressed price like anything In a flash....no time to think even... It's all Big plan behind it, it was suspended long time And resume trading just 25 min left in the day.
It supposed to gap up at 12+ at trading resume... Conversely it was opened at 9 and pressed down In a flash under 7.50
One thing is true the current price after approval is Way down from it supposed to be. Before approval It used to be 14$ and 12$ last two times, it is fully Manipulated price and way down from it's real after Approval...
I have one question, how come the volume Comes 2.5m, is that fear pushed weak hands sell? Or most if the volume from hedge funds short selling? Any ideas....?