Post by
AbNormAl on Sep 14, 2016 6:21pm
Thumb twiddling...
I got up today to find 2/3's of my holding sold into trailing stop losses. I was a bit pizzed that I got moved off my position without the benefit of any real news. Now, I am not so sure... Good luck to those of you who stuck it through; this has been a long drawn out play.
Comment by
biggerr on Sep 14, 2016 6:35pm
it happens very often that a pharma stock drops on the day when the approval is supposed to come, I remember the same thing happened to me many years ago when I had DDS - it was rising all the way before the approval date and when the approval came it dropped and subsequently went to zero because nobody was buying its slow-release anti-depressant drug, I lost lots of dough then, ah the memories
Comment by
kuatolives on Sep 14, 2016 6:43pm
My worry is that they've been rejected and are spending this time crafting an investor response. It's almost 7pm est. If it's accepted, you fire that out immediately. If it's not, you spend time crafting. 6 beer in, but that's my thoughts. Question: if the fda responds, does ArlZ and ONLY ArlZ know, or is it a bullhorn?
Comment by
gpgmay11 on Sep 14, 2016 7:12pm
SPPI was the other pharma company on the schedule today - they got a negative ruling and announced during hours. https://www.streetinsider.com/Corporate+News/Spectrum+Pharma+(SPPI)+Says+FDA+Advisory+Committee+Votes+that+Qapzola+Has+Not+Shown+Substantial+Evidence+of+Treatment+Effect+Over+Placebo/12032182.html