BUY OR WAIT? All signs say the price is going to keep falling, yet one can possibly deduct that you can make a quick play on the market gap that has been created. Furthermore if so, could this be one of this weeks highest yielding short-term play on the naturally risky nature of the pharmaceutical market?
I was in CPRX, knew to expect some selloff, but I became suspicious when CC didn't immediately follow PUDFA announcement. This date had been marked on their calendar forever and it seemed like they weren't prepared to discuss commercialization (even though they were certainly ready to launch their webpage announcement). I closed position because I fear that they haven't finalized reimbursement numbers with payers, which means they could be getting some pushback from insurers. I think they needed the two extra weeks to wrap up talks with payers and negotiate reimbursement rates. Good luck on your position, but I'm out for time being, will reevaluate after CC.