Story of my life, it had a hard time closing over 300, then it ran up to 315, at that point I thought , it's heading for that 330 level like b4, then I could buy 300 or 290
Puts!! maybe even 360 level..then this Fraud Charge news hit, LOL! I'm flat.
Watching it like a hawk though. Will buy puts on rallies.
Meantime, I'm 30% portfolio loaded in actual shares , not calls, of a biotech, TRVN.
AdComm is on Oct 11th, then Nov 2nd FDA PDUFA for approval. An opioid for IV use in hospitals only, esp for post surgical recovery. Stronger than morphine,
but they stripped out the pathway to receptors that cause nausea and vomiting, constipation, mental blur, etc.. Phase 3 already passed!!
30 Athena hospitals took part in P3. Docs , nurses and patients luv it.
Do ur own DD if interested. closed at 2.12 today= target 8 to 12 bucks by Adcomm/FDA approval date, if approved.