Since you've been closed out by a margin call, there's nothing you can do to recover. However, anytime you put more than 3% of your portfolio into a single stock, you're gambling and not trading. You want to put it all on a single investment, put it in an index ETF, not a speculative pharma.
Selling near the 52-week low just to buy it back after the wash rule has expired doesn’t make sense unless you expect it to drop substantially between now and then. There doesn’t seem to be any catalyst to drive recovery much less a doubling of the share price. I took a 40% loss and will never look at this dog again. Too many other much better trading opportunities.
Where's your data? I don't see a single fact to support your supposition that lawsuits are bringing the stock price down. Here's a fact: the stock price is dropping because longs are selling.
A short scammer published a misleading report resulting in the crashing of this stock. An analyst has disputed the report. Where it goes from here nobody knows. However, putting all your money into a single stock is just stupid. You were gambling instead of trading or investing. Learn about risk management techniques. You are obviously in over your head.
Pumpers didn't force you to buy, they were just saying things you wanted to hear. Didn't do your own DD. Just followed the crowd right off the pier.
Many retail investors shouldn't be in the market because they simply don't understand how it works. They don't know how to manage risk and they don't know when to buy nor when to sell. When things go wrong they blame it on corruption, MMs, etc. instead of their own inadequacies. If you aren't making money in a bull market, there is no hope for you.
Ever hear of risk management? It's more important than stock picking. It's what keeps you from doing stupid things, like putting all your money into a single stock.
Having written that, don't you feel much better? However, since you're likely not a customer of PJ, why do you have an expectation that they should act in your best interest?
Sounds like wishful thinking to expect such an orderly cascade of events. Losing $75k in a single day sounds to me like you've ignored risk management. No one can succeed as a trader for long without putting risk management ahead of stock picking.
Absolutely it's speculative. And your advice about trading is spot on. Successful trading is more about risk management than it is about stock picking.
Where's your proof that retail investors bought this stock on margin?
It means there are 35,000 people who have insurance who were previously uninsured.
I hope Obama doesn't give in to these extortionists. The Tea Party is comprised of angry old white people. Let's see how happy they'll be when their SS deposits and Medicare coverage ends.