Yet people fall for the hot air patent pumps EVERY TIME...."oh this time it's different"...blah blah blah.....ROSG is and always will be Kenny's personal ATM.
I guess some things just never get old.
Sentiment: Strong Sell
I sold my shares of LJPC awhile ago but fwiw there are far worse "garbage" biotechs than this. The whole sector is reaching bubble-like proportions and supply is hitting the market at a fever pitch via financings. I'm not saying that bios won't keep rising further but eventually all bubbles pop and when they do things can get ugly in a hurry.
Kenny only knows how to sell stock on the open market. Biotech traders know this and mostly avoid ROSG these days because they know that any news-related spike is immediately followed by a secondary.
Very rarely do I sell exact tops and buy exact bottoms. Like most traders more often than not a stock will rise further after I sell it and drop further after I buy it. Bought around where it is now, sold in the $3.80's and rebought at $2.91. Regardless of how the stock has acted the past few days this news really is a big deal for this company. GL.
so where are the actual earnings disappointments and lumpy revenues to account for a 40% drop in s/p?
I see a company that reported unexpected profits and keeps gaining market share
market is very sick