Fortunately I still have my original position at the $9 level, but I not sold any of those shares -- so this nearly $5/share drop since the start of the year has been VERY painful to watch. I see no reason to panic sell -- the low volume makes this reek of manipulation from the little fish out there. Any positive news + heavy volume would spark a fast rebound...and I agree it is time for the COmpnay to step up to the plate -- stock buyback, partnership, pipeline news, pre-announce earnings...something
Its too bad. As suspected the rally was only for the conference and mgmt failed to make the case. Lots of other stuff working. Really needed to hold 11.06 area, not its dropping hard. Next stop for a trade is 9.08 and possibly 8.20 the all time low. I would sell on the earnings, take a tax loss, and look again once the wash period ends. If SSRX is what they say they are then there willl be plenty of room over the next six months to enter on an uptrend. Otherwise this is entering its forth straight month of lower highs and lower lows.
But the drop from the 13's to the 10's the last couple of weeks has been on pretty low volume. It seems worth a shot to buy at these levels. I guess the volume will pick up after earnings whenever the heck they are. Good Luck All.