That's my take - let's wait and see. The market does strange things................
smmhusm - what kind of wait are we looking at for this stock to move back into the 8 range? I'm holding until at least 8. The drop in PPS since last week has been an over reaction.
They took profits at the end of the day or it was a short squeeze. The 50% drop a few days ago was an over-reaction. Hold this for a week or so to realize a good gain and stop worrying about yesterday. Yesterday is not a reflection of normal market activity.
You need to have patience and less emotion when you trade. Exaggerated emotions in trading are deadly!
This was a phase 2 study result with no revenue. In the majority of cases, these typically retract. Especially when the company has no revenue.
This was a phase 2 study result. Thge company has no revenue. Phase 2 pops typically retract for companies with negative EPS and poor financials. If it was a phase 3 result or and FDA approval - different story.
This was a phase 2 study result - they have no revenue. If it was phase 3 or FDA approval - then yes. But it was phase 2 - phase 2 results typically cause a gap up followd by a retraction.
It wasn't negative - it was unfounded. have you looked at their financials? The company is far from bankrupt. The drop was due to poor forward guidance.