DSCO had their FDA approval delayed and the stock dropped 50%...
1.40 is the 5 year low! and the company will be addressing ways to get approval next week. This has happened before and the stock NEVER stays down this low. Do some DD. The risk reward here is very good.
However not too much... nobody will know until next week why the FDA delayed approval. The worst case scenario is that it will take a long long time still for approval and it may never get approved but this was not a denial by the FDA. The drug has tremendous promise if it can ever get approved... more importantly the upside potential means that people will very likely buy in at these levels on any positive news...
DUG... I had sold half of my position yesterday just under 34 for profits; I bought this back today at 31.91 on a limit order while away. Think the momentum shift away from oil has stopped or just paused temporarily...?
This blog is for informational purposes only. It does not give investment advice.
Friday, May 2, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment