Longx63 - Hold tight! On a bright day you might be able to gain everything back. Warren Buffet said - "Rule#1 - Do not lose money." If you don't sell, it is just a paper money loss - hopefully temporarily. I took a chance and doubled my shares this morning. I always keep 50% cash for the emergency and sell some profitable positions to fill it up. So I can wait 3-5 years. Good luck to you!
Sentiment: Strong Buy
do not get discouraged. biotech very risky either buy for something you can afford to lose, or buy puts to protect, or simply calls. SO volatile and small volume is prone to manipulation by MM and prop desks. fidelity prop desk is one of the worst JIMHO. Schwab, BoA,, ML same too. WIll push down price aggressively to force their own customers to sell them and sell higher. DId lose a bundle on some and have learned my broker can trade agai nst me. Told me on a margin account, to sell AAMRQ but hold CLSN on 01302013. AAMRQ went up 500% and CLSN down 90%. Told me on 01302013 risk group clsn was not risky, while they well shorting it and my loss became their gains. Morality, in biotech options are needed and do not trust brokers, research firms. BUy puts or calls and long a little, watch the tape