i got chased out... you have to have an investment strategy, set a limit to where you don't want to risk further loss.. If MNKD was at 6 today before adcom, no problem, but dropping 20+% to 3.85-4, was no longer a smart investment on risk/ reward if it didnt go well today. from 6, risking drop to 3 today vs going up to 8-10... you do the math.
I still believed it was going to go well and get approved, but from a financial perspective it wasn't worth the risk anymore. 4.80 was my break even
Piper analyst turned out to be the Piper after all....Over the weekend he downgraded MNKD...wow....gutsy..
Shook out many weak hands and caused panic...Better to believe in your own DD and hold and lose rather following these analysts..