I have done a few of those as well. I am trying to be patient, but it is not going to rally significantly until this market gets out of this funk it is in. And right now, it really looks sick. It is going to take some major news, repeated major news, in the biotech sector in general to get this sector out of the dumps. I just don't think the earnings report for this company is going to lead to any significant upside this time. There is too much other bad news flying around. But I am not going to sell. I am going to watch it very closely in the next couple of days, and I think I am going to add a few shares to my position today. I hope I am not making a mistake.
The good news it seems is that it is holding at the 20.90 support level. I like that very much. When the selling pressure can't drive it lower there might be a short squeeze in the reverse direction. Or, maybe the ship will take on more water...just keep rowing!