Hi all, classic case of people not understanding PRR and its product. Happened 3 times over last few years with big drops of over 50%. The product is different from dendreon , targeting a different organ and a different sex although the model for FDA approval is similar.
PRR is two years off trial results and people panicking because dendreon has a poor sales forecast. PRR will have a run up closer to trial results irrespective. This one is for keeps , atleast for me as risk reward ratio is too tempting to ignore. I agree with many chartists that indicated that the short term trend is down. However i look usually for the 13, 50 MA and 200MA for my decisions on 1 year and 3 year chart as my investment time frame is long. good luck all. my call is in retrospect the capitulation will be seen as a buying opp . buy when people are fearful , sell when people are greedy ( easier said than done)
PRR Price at posting:
17.8¢ Sentiment: LT Buy Disclosure: Held
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