It's going to take a lot stronger announcement than we heard from the company today to reverse the bloodbath from yesterday. Not really sure, NWBO could have said more than they did, but apparently only a significant milestone, i.e. German reimbursement is going to get us back to the $9 plus levels. It is truly amazing that a minor player for an insignificant publication like The Street can wield such power.
We all know what's behind his motives, but it is truly amazing that even after about the 5th hatchet job on NWBO, it still works. You have to take your hats off to them if it wasn't so costly. We'll just have to be patient and wait for the "real big bang." Clearly this isn't it, today.
16th. 16 articles in the last couple of months, all critical, all out of context, or cherry picking to produce misleading statements.
As I said before this mess, it would not surprise me to see this settle into a trading range for a while (albeit a bit lower than I thought at the time) until the next positive announcement pushes it up.