I sold all the Port's ARNA this morning at $1.48. I am quite anoyed at myself for not correcting the Port immediately; I have meant to actually post this immediately after the Advisory Committee meeting and could have sold it for around $2 if I had not delayed.
Just a quick notification post; I expect the FDA to deliver a Conditional Response Letter later today.
Regards,
Trond
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- Trond
- Aguanga, California, United States
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1 comment:
I sold 80% of my holdings yesterday at $1.65, bought back 1/4 of what I sold yesterday this morning at ... $1.48! (Thanks Trond!)
Oddly, after the harsh beat down of the panel, I finally feel happy about about my ARNA position. Might have to hold on to the shares for a few years, but...
The implosion has been entertaining to watch. The FDA response to investor complaints is a bizarre. Then again, I think the FDA exhibited obvious (and unnecessarily obnoxious) bias in the handling of the panel. So, perhaps they felt they had to say something.
Wild.
- Pete
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