Recro Pharma, Inc. (REPH)

[lmbarns]

Help me understand....

I'm newer to buying stock and first bought in at $13.60, it immediately went down 35% the next day and has bounced around for a month.

I've been doubling down, buying more every time it bottoms out, I bought in at 13.60, 10.50, 8.80, and 7.50 bringing my cost average to 9.20/share.

Now it's going nuts? I put an order in to sell 20% of my holding last night for $9.27 since it'd gone up 10% in a single day, and it just sold at 9.77!

Every other time it goes up 10% in a day, it corrects the following day. What's different today?

I'm reading through their latest PR/income and it looks like they're losing more money than ever? But obviously it's the nature of this type of business, but I'm trying to understand why it's rocketing at the moment? Good news somewhere? People speculating on the trials going on? WTH is going on?