I don’t know this company as well as most of you, but I’m thinking it’s a buying opportunity. A 40% drop in a day? Really? It appears the FDA is playing CYA as usual. Not total rejection and there is still an EU opportunity.
Today, Michael Ostrach, Chief Business Officer of Dynavax, will provide a corporate overview presentation in Chicago. The people that have a lot invested are not going to give up when so close.
This reminds me of ARNA, down in the 1.40s, gradual climb, then blast to 8.00.
I am giving strong consideration to start buying today.
It's nice to see what happens when the computers don't auto trade a stock so fast that you can't stop the drop. Well oversold and today is a good day to load back up for the next climb of the hill. GO EU approval!