How does it feel to be emotionally attached to DNDN? It feels good while it lasts but if the company had more positive news in the near future, between now and the day the FDA will approve the flagship drug, the company wouldn't have raised more money at these prices.
If DNDN would have the opportunity to sell out at a significant amount more than current PPS insiders wouldn't have dumped their holdings. And neither would the company have raised that much cash through share dilution. Not that raising cash is a bad thing, a company needs money BUT companies often pump the stock with news prior to doing so. Always has been the case and always will as you have to do what you have to do.
When did you get in DNDN? You probably have a good gain by now. Don't be stupid and greedy and wait for higher prices. Demand is decreasing and one reason this has remainded so high for so long is because of shorts. Short interest was very high and they had to cover. By doing so it sustained the price around $19-$22 for a long time. That's a gift to all those longs that didn't exit yet. If you believe in the company, stay in but don't be stupid to not take profits. Nobody ever became poor by taking profits. But many people felt stupid after not taking profits before...
you don't even know if its approved yet. This trial had the exact results of the last trial and the drug did not get approved. This drug basically extends the life of a patient 1 month longer than other drugs on the market. So do you really think it will get approved?