I didn’t tell anyone to sell, hold or buy. All I did was offer my thought process on what I thought was relevant at the time. The risks were there and I thought it was important to acknowledge that.
But to be honest, I didn’t think they would given a CRL on efficacy .. I was leaning toward a CRL on manufacturing.
This isn’t game over by any means, but it does increase the risk going forward significantly.
If it makes you feel any better, I held the bulk of my position into the 30th also. Even though I knew the risks involved, I still made a risk weighted decision and held approx. 65% of my position. I was happy to pay a premium on that 35% after approval was given. Now I can pick it up at a discount.
What planet are the FDA on, page-144
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