YOu know, if you can't stomach the volatility, don't invest in small cap. Even the CEO hasn't step out, why are you looking to anyone to make you feel better? Nothing has fundamentally changed about the co within the last 5 trading sessions. Most of these guys that sold are the ones that got in in the single digits.
Sell your longs and switch to options like I have. And by all means ignore the shorts. Have you even heard of a valid arguments from them?
thanks Chris. Quite frankly this is the kind of move you would expect from a biotech failing a drug approval. I am amazed at the downward movement and volume that 3 months delay has sparkled. No savvy investment managers would liquidate his position at fire prices considering the potential this company has. I can only think of an orchestrated market manipulation to accumulate
Excellent response Chris! I have 5200 tightly held shares and plan to sit on them for well over a year! the problem with companies at this stage, despite the excellent technology and promise, the implementation will always be attacked by those on the side-lines. I still think those that hold will at least double their money by late summer-good investment for several months. Beats selling in May and walking away!
I honestly won't mind if it trades lower for a while; it will allow me to add cheap. There are too many factors driving this company forward and no real reason for this selloff except for skittish investors/speculators creating a lot of volitility.