Old API Wind-down Ltd - Ordinary Shares ARLZQ

RE:RE:RE:RE:RE:Institutional buyer or Fund @ $5.50 US

[kuatolives]

Just a guess, but there are a bunch of traders out there that play the PDUFA dates with stop losses in case the thing goes south. I think everyone who wanted to invest did so, and I think a bunch of traders piled on with some stop losses, hence the big swing in the last couple of days. I shared the sentiment that a bid of a purge probably isn't a bad thing right now leading up to the annoucement.

THAT being said, it begs the question - traders will invariably be trading it up on the day of a favourable announcement so has anyone calculated what a potential good exit point in the post-approval world? I'm thinking - could be wrong, often am - that if traders push this thing up in the couple of days after the announcement, a sell off is again likely, so do you have a valuation that you'd take an exit on? If we got to $13 or $14 - unlikely as hell - but I think I'd be out.  That's not to say I wouldn't reinvest again at a point, but just in case there's a BIG run....one should have an exit point in mind.  Don't want to repeat the mistake I made in 2015 of not getting out when the valuation was clearly ahead of the fundamentals.