I dont get it, dropped like a rock and over 40,000 shares traded at open. why are people bailing out? no news good or bad. people know something we dont? i would expect this stock to hit 16s again soon?
God!! It never ends. Hope and expectations that the stock will go up as the company prospers. A little movement of the stock upward during a bull market is always met by; see, I was right! Then reality sets in and the stock collapses and folks say- What happened? They expect it to go straight up for ever. One always find touts on this board who preach wonderful things are coming. Guess what? It NEVER happens. Month after month year after year this garbage keeps showing up on the board. After 10 years the same written diarrhea shows up but written by different authors. This stuff is crap, was crap and will be crap. My advice? Sell the crap. Take your loss like a man . Write off what gains you might have. Do not pay capital gains taxes. Keep your money, that's right, YOUR MONEY away from the SOB in Washington.
Have you guys not noticed that stock markets across the globe are tanking? This has at least something to do with the drop in LGND.
I'm not too worried. Last time ENABLE2 data was discussed publicly, the stock went back down into the $11s. This time we are nearly holding $15. Hopefully GSK files soon and that will give us a nice boost.