decision making based on facts:
On May 21, 2012 CLDX will be listed in the NASDAQ Biotechnology Index. No biotech is added to the list if there are upcoming events/arrangements known to management that would impact the eligibility requirements- hint, one of the eligibility criteria is a market cap >$200M.
shares I would suggest the SHORTS out there have covered for the most part by today...some are also playing the Bio Index add on monday, the CC on 5/23 as well!
I do NOT see a sell off if the data reads out as expected! I see more accumulation going forward!
I bought a mess of MNKD today, lots of type 2 Chinese who will love Afreeza!
Maybe it's only because I invest/trade knowing I could full well lose it that I'm not sweating CLDX at the moment. The market has been sucking for two weeks straight and I'm down about $600 with CLDX right now. But that's a paper loss and I'm not willing to convert into a real loss by panic selling out of emotion/frustration that we didn't get the quick runup-cash-in. I'm willing to see through until next week. If it tanks, well, then I become a true long based on future pipeline and ignore the paper loss, implicitly betting that someday surely the stock will get back to this level. My general rule of thumb when making these kinds of plays is that I visualize losing half, gauge mentally how I feel about that, and if I don't vomit, I buy.
long - messages on fear are often propagated through message boards. the weak fall prey. the educated ones who have already made their decision on the entry and exit points will not be deterred. patience is a virtue that is seen in only a few and those who do, often reap its rewards. others get thrown to the sidelines.