I don't see it as different to any other biotech - check the valuation on ANP with plenty of cash and phase 2, the EV is laughable yet it seems it's not going north any time soon with no news till next year. NEU will likely move up at some point in the lead up to news. With so long till that news comes, the price will at best form a base around here or at worst continue to drift lower as more and more people's pain tolerance is breached.
One thing I do know for certain is I'm glad I bailed when I did. Need a ~70% increase in price just to get back to where I sold and 200% to get back to the highs. I'll leave catching this falling knife to others for now and wait to see where a bottom is found.
NEU Price at posting:
$1.18 Sentiment: None Disclosure: Not Held
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