Don't worry, join the club. Was it you who bought 17k shares pre-market after the news was released? I thought it was a good call. It just didn't perform as well as we anticipated. Biotech is not in favor right now. Sight tight, you will not loose your money.
This is the time for a competitor to take a hard look at this company AS A CANDIDIATE FOR ACQUISITION . I just wonder if there is any really smart CEO out there with the vision to recognize this rare opportunity, in a dying business environment!!!!!!!!!!!!!!!
Has the CEO disappeared? No news, no new contracts, nothing going on. Are they in the business of selling stocks, raise money, grease their pockets and just kick back and enjoy life?
Sorry to hear that you are down so much. I had 30K invested in this stock and i would have been down 20K, but i told myself that I cannot absorb such a loss in this market. For one thing, it would take me a while to make back that kind a money in an ugly market environment as this one. So I sold all my shares two weeks ago. I told myself that I would rather be out and not realize any gain, than to be hit with a 20K loss. And that is the reason why I got out. But the real reason is that when I saw the stock kept dropping and dropping, I suspected that the news was out to some people and the fact that management did not buy any additional shares, that was another red flag for me.