What is going on? I thought the US controlled it's own destiny. Now apparently anybody with a problem crushes the US markets. OMG - what if Puerto Rico has rain??? CCRRRRAAASSSSHHHH.
Sell into it for a 3% gain only to miss a 55% upward surge when NDA acceptance is announced?
You really are full of blanks aren't you Willie.
SRPT is not margin able at my broker but hedge funds don't need to put up any collateral and can short unlimited shares with no margin call, no equity required, even shares that don't exist.
That's an interesting paradox. Penalize the individual investor while giving free and unlimited reign to the hedge fund manager for limitless abuse.
This is play money I have in this stock. Every once in a while you have to bet on a long shot. I'm not worried about short term stock static, nor do I care for $0.50 versus $0.60/share. I want $20/share or let it go to zero baby!!!
The FDA doesn't look stupid ever. They will always claim they are being cautious. History has quite a few FDA blunders from moving too fast and it is a lesson they have well learned. They also don't cave to pressure. Remember, the White House and the Great and Powerful Oz-Obama had no effect on pressuring the FDA in the past. So the most effective means is persuasion. Convince them they are wise to move rapidly, and save people by their quick, decisive, well-thought out action,
You will get much farther.
If your kid was dying and a working, safe medication like Eteplirsen wasn't available, and the only available medicine was Drisapersen that was toxic and would kill your kid even faster, would you force it on your child or bash in pearsby's head in instead?
Uh, why are you considering a worst case scenario? Worst case scenario is Eteplirsen NDA is not accepted, the company executives embezzled all the money, all the doctors forged the results, SRPT goes out of business, and BMRN takes over the world. Then you move into your Mom's basement.
Seriously, worst case is Eteplirsen is denied, Drisapersen is accepted. But why? People should focus on most likely scenarios, not ultra low probability worst possible case scenarios.
Best case is Drisapersen is voted down at Adcom, Eteplirsen NDA is accepted, AA, breakthrough, and voted unanimously for approval. Sarepta would stand alone.
Because that's where you shorted and it has been killing you? Don't worry, the slaughter of the shorts will resume very soon.
Surprisingly, the biggest moves up in SRPT are yet to come. You will still capture the lion share of the move up.
75% Greece will default
95% Eteplirsen gets approved
98% Eteplirsen gets rejected
- GSK abandoned Drisapersen for good reason
- Drisapersen negative safety information was covered up
- Drisapersen will be voted down by FDA panel based on new safety concerns and undermined trust due to cover up.
Clearly the word got out before the official news release, and that's why we saw the unprecedented short blitz over the weekend. Just goes to show you that the shorts can't stop it even when they know about it ahead of time.
The NDA is a monumental step forward to be sure. The problem with BMRNs filing is that it is based in a failed Phase III study. Less than 4% of NDAs filed based on a Phase III study are approved. Some get a CRL, others are sent back for another P3 study.
SRPT filed based on a successful P3 study and that has a much higher likelihood of success. While nothing is ever a given with the FDA, everything is lining up now for a favorable vote.