WEll - I have 1000 shares of it and getting killed premarket - I am going to hold on to them or try to play a bounce trade. The test was positive and passed, but not being superior to TOBI is what has everyone in a tizzy and selling. Couple that with the YTD runup perhaps the sell off is justified. All that being said, the trial was not a failure and requires 1 inhaled treatment a day vs 2 with TOBI. MEH, this was a bad trade on my part.
Interesting when dirty said wrong side of the trade. I think this would classify. OUCH. I have my sights on others now. I had owned it for a short time but my grip was loose. Check out Perceptive Advisors LLC filingsanalysis. This is where one can see all major holders of company. Perceptive is a biotech hedge fund that holds 5 mil shares of ACRX. If you look at their holdings there is some overlap in what they hold and one of the companies mentioned on this board. It is a treasure hunt.