There's definitely some investors (retail and otherwise) that would be looking to de-risk ahead of the FDA decision. On the institutional side of things, if you have made a 30 or 40% profit on MSB then it does make some sense to lock that in, wait for the announcement and buy back when the hype settles. A lot of traders want their gains to be assured and measured, not speculative.
As an example:
If you're able to sell at $5.50 or so yesterday, then wait for the FDA decision, the stock bounces to say $6.20 and then retraces slowly to $5.80 or so... you've de-risked for a small cost (tax implications aside).
I can totally understand that position, and there's probably plenty of people on HC who have also sold down some of their holdings in the last week or so to de-risk. It's not personally what I'm doing, but it's a valid position to take, and a more likely explanation for the dip than "market manipulation", "leaks" or "shorting fiestas".
I think we do get approval though, based on the evidence available, and a solid bounce on the hype should follow, but this is small time compared to the other three phase 3s in progress. at $5.10ish though I think we're getting close to buy territory.
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Last
95.0¢ |
Change
-0.045(4.52%) |
Mkt cap ! $1.084B |
Open | High | Low | Value | Volume |
$1.00 | $1.01 | 94.5¢ | $2.669M | 2.769M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2053 | 95.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
95.5¢ | 13191 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2053 | 0.950 |
5 | 69192 | 0.945 |
16 | 152239 | 0.940 |
10 | 194253 | 0.935 |
9 | 112676 | 0.930 |
Price($) | Vol. | No. |
---|---|---|
0.955 | 13191 | 2 |
0.960 | 60726 | 4 |
0.965 | 33726 | 1 |
0.970 | 53885 | 3 |
0.975 | 54219 | 6 |
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