i dont think depo go up from 2's to 7 is because of pumping. it is because of its promising future. and for today's action. i dont find any reason other than bear raid. just like AVNR, on the day it's drug got approval, it dropped as low as 1's and after hour it went north to 5's.
dont forget POZN that was a massive bear raid. I dont like this sell off but i know what I own and think this has a better than 80%+ chance of approval...lot of nervous nellies riding this up now dumping adding to the fear....im still up and will add more if it hits the 5's
yeah but what happened to AVNR was a real bear raid. it was a vertical drop that cut the stock in half. Also AVNR never recovered until after approval. So don't expect DEPO to magically go up to 7.20 again. It is do or die right now if you have the guts to hold through FDA approval.