Esperion Therapeutics Inc (ESPR)

[theordore]

ESPR: What caused the slump? Your question is always a tough one; because the price changes are outcomes of a tug-of-war between buying forces and selling forces, as you know, and multiple factors may enter as variables in the equation that generates the outcomes (price changes).
A cute way to look at your question is this: why did the selling forces win the battle so handily yesterday, and again today? Some of the negatives and uncertainties connected with the recent report on the FDA advisory committee meeting are cited below in this article:
http://news.investors.com/081815-767018-espr-stock-up-and-down-after-fda-update.htm?ven=yahoocp&src=aurlled&ven=yahoo
From a trader psychology perspective, I would note that the news conference that was just held has totally scoped market-moving news that might have come out of their September meeting. What do the big traders now have to get them excited about the stock until sometime in 2016? If there is very little, why not move your trading money elsewhere for now?
Secondly, in the best of all worlds the company seems to be about two years away from generating revenues from sales of ETC-1002. Even if I'm wrong by 50% (and is only one year away) that is still a lot of time with all the uncertainties facing us these days. So I can see the potential buying force sort of dissipating, and inpatient holders of the stock deciding that they now have all the news and so will move on for now.
Cheers!