Trader: ELN management has been "lets say" loose with their guidence in the past, and the FDA is always a wild card (I have surely danced with the FDA many times), but respectfully, this is a trade for me and not a long term investment like say SSW or BQI (weeks versus months or years). there is no way to predict how the market will react in the morning given even the PR today (should be nothing)?
I totally understand you gun shy nature on this ticker currently but, unless there are cases of this condition hiding right now that have not been made public, there is a nice space to trade this to me given the gigantic drop in PPS over the last several weeks.
There is no way anyone could predict this stuuf just like there was no way to hear up front about the two cases of PML in Europe? There is the unit sale to consider that about terminates their debt. I will duly note the concerns you bring up and keep them in mind! If it goes above $15.00 I'll initiate some protection.
I will take my chances on this one and continue to watch it closely. I may only be in it it a couple/three weeks more anyway. In this market you need to take your profit when you can and I really want to back out of this market in general soon after Labor Day. It will be clear based on planned selling I do in the next few weeks!
I got a couple of turkeys to sell too!
Kutz