Not in this case. Aerie had only one clinical product in the pipeline (Rhopressa) - there are no other clinical assets. They have one other product in pre-clinical stages, but it's miles away from FDA approval, if ever. Aerie's limited pipeline is why it tanked so much when the Phase 3 trial failed. But again, Phase 3 endpoints are missed more often than not. It's pure R&D.
AERI is not "big pharma" ~ it's a small cap biotech that missed it's Phase 3 endpoint, a very common occurrence in biotech R&D, and its $300M market cap isn't going to Impact NASDAQ or the S&P. Moreover, there is no "bubble" in pharma. In fact, it's a very muted subsector. JNJ runs a P/E under 20, for instance, and PFE has a P/E of 25.
Honestly, if i were betting, i'd say the S&P should consolidate about now, as earnings wind down and summer approaches. I'm only thinking of 20~50 points however, and unless it begins very soon... well you already understand how price erosion operates on TVIX. I don't really watch XIV much.
Well, to your advantage there is unusual support today at $1.13. It may just be Stage Oners who onboarded recently at $1.19 are holding the line.
Obviously absinthe isn't working. Perhaps the trick is to substitute Jim Beam. At this support level, it's no fun shorting TVIX, and it's against my better judgment ever to buy it.
Money flows from momentum stocks into blue chip when the market is so strong, and large cap stocks are for people planning their retirement 20 years in advance ~ boring. It's like buying a cemetery plot.
i'm presently engaged in the absinthe sacrament. If it works as planned, TVIX should bounce a little so i can short again. I can't quite remember (having already begun) whether the elixir is to be ingested au naturel, or on the rocks.
Didn't 1Q earnings CC warn about 2Q spending, and that's what (presumably) caused shares to plunge after a 1Q earnings beat?
Our sibyl has tossed the bones and tasted the blood of an albino chicken. She whispered: "Beyond the ides of April there shall be unending erosion in VelocitasPartem 2x VIX."
do you think traders will get suckered again to hold into earnings?