"smart to cut on day of FDA approvals,,, look where share price went. they got out at the top and faded it down. "
Again they brought in on average at 32cents. That's a loss even if the managed to sell all their shares at the top which they did not. And as for it fading down.......lol they slit their own throats by dumping such large vol of course it went down. You don't get to be called smart money by punching holes in your own boat and as it sinks bail out and say .... hey how smart was I to bail out. DUMB and DUMBER. Never underestimate the power of ego and pride with these big boys. They often cut their nose of in spite of their face.
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