See the facts and not just bloggers wishes same like yours.
40% SELL recommendation just 2 days before PDUFA? I guarantee you the last week Leak was very serious blow and those insiders who left knew what was down the road for the company....SELL.
and "talked " to management......Fraud company and look what has happened to it these days.
Shorts sellers knew it and now when we are solidly positioned for the major drop, it is just like another super profitable trade. Rejection will be announced between Friday -Monday, tomorrow's scheduled release was canceled. My guess is as always politics where big $$$$$$$$$$$$ is involved.
Well longs, it was well ride to the riches for us Short Sellers and all group of traders from ETB.
I know, you still do not know but trust me......you have lost as big as one could in this case.
Over this short time...who is more fearful? lolololololol
We short sellers are 100% sure otherwise we wouldn't be short. lolololol
Relax and enjoy tonight as tomorrow there will be another Shocker for you in this Death Spiral Slide...
Relax and enjoy it going to a Penny stock status!!! Guaranteed!!!
Where is the logic to it? SELL is the answer!
Sentiment: Strong Sell
I have seen so many trading like this in past 3 years and except one got approved after 6 months postponing and wait. Never underestimate of market action even you do not understand it.
There was final leak last week and that put everything to reality. I too believe FDA had hard time overlook what ACRX did in their NDA and there was not need for any ADCOM or even delay at this time. The problem was ACRX management and not FDA . Way too much negativity from the hospitals as general not willing to change the system what works for the same money or more and it is unproven with quite a bit of issues not just on safety side.
Make no mistake ...this is NO Approval action preparation.
If bear raid would came and price drops to around $6 and recovers before close...good bear raid for longs.
If no bear raid comes and stock is only going lower and trades in lower range without going higher to near the highs....bad very bad sign for longs. On top of this we see all time high of short interest, insiders were leaving the company , insiders were selling same as institutions.
And crown on the 100% bearishness put last week Adam Feurstein saying he is bullish.....we all know why he said that...another of his plot but he is good when telling bearish story, he is terrible at bulls land...Fact!
Way too many red flags and warning sign to stay long...Fact!
time is right....Death Spiral will show you its move...ouch.
We need to lure in more retail wannabees before as I promised...significant drop.
as approval has hurdles to overcome and high optimism is not exactly right to be like it given severe safety issues in their NDA which were not fully addressed by the company. Why did they skip this so very important part of the NDA?
Smart ones are selling and smarter ones are shorting more .
This opportunity be able to short just above 10 will not last too long. The Death Spiral will show its teeth later today.......