The entire sector turned down heavily back when Hillary got on her soapbox and targeted the pharma sector. It has been almost straight down ever since. Go back and look at the chart and look when Hillary came out against the sector.
Harry, I have already lost more on this stock than you will ever have invested in it. I pray to God it will get approved but the FDA simply won't do it. Additionally, I never thought SRPT would ever be in the $11/share range even if it were flat denied outright, so I was wrong in thinking it would get approved and wrong about the share valuation.
I am not, never have, and never will short this stock. You can pretend what you want if it makes you feel better. That's what most of us longs were doing all along as we ignored the small number of patients and the repeated delays filing with the FDA.
All this talk about what will be price be when they get AA etc. is nice but a little scary. The FDA won't approve the drug even though they should. Let me say that again, the FDA should approve the drug. They just won't.
I wonder if they will change the name of the FDA to the FMA (Federal Mafia Agency)?
They are as crooked as it gets.