I read both Adam F and Motely Fools article. Adam F's article was not negative, I think it was more neutral. From what I understood, the high dosage worked well, low and medium dosage did not. The number of pateints on CUPID 1 was small vs CUPID 2, so people are skeptical that high dosage MAY not work as well as CUPID 1. As for Motely Fool, the article was bullish. Actually after reading Adam F's article, I feel comfortable buying back some shares. Nothing is a slam dunk so I will hedge my bet with some puts. It will be a very difficult next two or three weeks waiting for the news.
Look, you don't make an observation in isolation of 1 or 2 days of poor trading. However when you see a trend then it becomes problematic. The share price was around $27 not long ago, maybe late March. CLDN has been dropping consistently since on no major news, and now trading at $17.79. So one has to question why is it dropping on no news. Saying the share price is manipulated is not the answer. The powers that may be able to manipulate a stock can do so for a very short term, definately not for weeks. Besides, why would they want to manipulate the share price weeks before the data is supposed to be released.? I can see them manipulate the share price a day or two before the data is released by either pumping and bailing out or dropping and buying cheap shares. I sold my position today, took a small loss. I will watch closely how it trades and might open a speculative options trade in the next couple of weeks.