They hire a General Counsel that used to work for Somaxon. Well, guess what happened to $SOMX? They got acquired by $PTX.
Buyout in the near future. Let's just hope that $TSRX doesn't sell themselves short like they did to $PTX.
I'm watching the Share Price like a hawk. I was stopped out and then re-entered the same day. The overall market has been so choppy. Just a washing machine. Very difficult to trend trade with any success.
I've reduced my holdings by 50% and widened my stop losses to double.
I did fine in SOMX, but most my gains were realized in the regulatory phase. Gave a little back early in the commerialization phase as it was unclear what managment would do---sell drug or company! Its the commerialization phase where this guy, and the CFO, and the CEO messed up and that was later in the process.