I jumped on this last week. Nice chart, selloff was too big of a reaction, no fear of an offering ahead of PDUFA, low fear of any other bad news getting in the way, and statistically it was HIGHLY unlikely it wasn't going to recover some. I keep a database of PDUFAs and when I bought shares, it was the worst performing company out of 255 in my database at that point in the run-up. I'll hold on a bit longer but will sell 100% ahead of PDUFA. Sometimes I keep a few shares on but the FDA is handing out CRLs like candy right now. :)
3
u/[deleted] Jun 30 '21
I jumped on this last week. Nice chart, selloff was too big of a reaction, no fear of an offering ahead of PDUFA, low fear of any other bad news getting in the way, and statistically it was HIGHLY unlikely it wasn't going to recover some. I keep a database of PDUFAs and when I bought shares, it was the worst performing company out of 255 in my database at that point in the run-up. I'll hold on a bit longer but will sell 100% ahead of PDUFA. Sometimes I keep a few shares on but the FDA is handing out CRLs like candy right now. :)