RE:Who wouldn't be bummed out today.That drop happened all in the last 15 min slicing through 435k shares. So we are to believe information was leaked in the last 15 min on a Friday and still not know that information had been released? I'm not impressed with the performance of this stock, but all of these conspiracy theories are getting a little tired.
The fact is, share price is still inside, that very wide up channel established months ago, within pennies of the bottom.
Do I think short interest is taking advantage of low volatility? Absolutely. But this goes both ways, if they have a large number shorted and they want to cover, this thing will move very quickly upward. We will find out very soon whether shorts want to roll the dice and go through ER and a FDA result. (watching the calls & puts as well) I expect another upswing coming out of "nowhere" soon.
Nobody knows what the FDA results will be. (I expect that they will be approved) but management have did quite a job of creating a tenuous financial situation that will probably temper any upside unless that drop some surprising news.
ok, everybody carry on with your hyperbole.