DJdutts you are right, ACL is down and if you bought two weeks...

DJdutts you are right, ACL is down and if you bought two weeks ago, you would be 15% down and feeling like a mug.

And it may continue to drop.

But at any time, (and right now we are obviously closer than ever before), FDA approval will come and it won't continue to drop. Introduce $30-$50m per annum revenues to a company with $100m MC and it won't stay there for very long. What will it be worth then?

Hence, a lot of people rejecting your sell now, buy later philosophy in favour of patient gathering/accumulating of a reasonably certain thing. Call it rose-tinted glasses, or investing with longer than a few days timeframe. My sentiment remains "LT Buy".

And, just quietly, I sincerely hope that FDA approval comes before you get a chance to re-enter at 40c but I'll be the first to congratulate you if you do happen to time your trades that perfectly.
(But hopefully we go in to a trading halt this afternoon....)