No one here truly knows how much of a pullback ACRX will suffer on Monday.. I for one will be looking at a substantial paper loss as well.
Horrible news indeed... This only means more delays & dilutionary offering. Can't wait.
#$%$, I should have sold at the close today and kept the call options only.
"AcelRx Pharmaceuticals Receives Complete Response Letter from FDA for New Drug Application for Zalviso™" – Was just posted on the company’s website.
What this means for investors is that the FDA’s issuance of a CRL (complete response letter) indicates the following: (1) that the review of the application by the FDA has been completed, and (2) the FDA wishes to communicate to the company that its application to market a drug (NDA, new drug application) will not be approved in its present form.
However, this isn’t ALL bad news…because sometimes an application can still get approval if it's amended and resubmitted, which I'm sure ACRX will do.
Bottom-line…expect the PPS to pullback on Monday… Possible substantially prior to the release of further PRs from the company outlining the exact contents of the CRL and how the company intends to address them.
Either way, I will be a buyer next week… Still believe ACRXs drug, Zalviso will be approved at some later date once the company addresses the FDA’s concerns outlined in the CRL and then resubmits its application. I’ll just hate that in the meantime, I could be giving back over a year’s of profits. But then again, I like to think of it as another buying opportunity.
You really need to get a life and a real job liar... Maybe then you'll stand a better chance of getting laid.
The stock is still halted and yet I'm oddly calm... Definitely a strange feeling!
Under $500M market cap—small float (43M), w/ shares still trading under $11 presently.
Some of you risk takers out there might want to pick up a few shares today… Could turn into another PCRX.
A word of caution, even if the company’s drug is approved by the FDA the PPS might not appreciate much without a partnership deal follow-up announcement… So keep that in mind as well.
And used the proceeds to buy more Google... Stupid move on my part looking back now.
I think, I might even start eating there... Nah, what am I saying, Burritos give me gas.
Joe, it was practically screaming SHORT ME from the very beginning... I was only happy my broker was able to get me the shares, because originally I started shorting it in the 6s... And if you remember it went as high as $21 before it was halted. So yes, thank God.
Yes, you are correct... "It a no brainer that..." Institutions hedged their long bets by also buying puts, as well as shorting shares... Most capable investors already know that. In fact, I mentioned it before.