$CEMP $18.23 Exited my position here locking in a significant loss (-20%, $12,066) prior to the catalyst. This one has just not been tradition well over the last couple of weeks and there is some talk of a PDUFA delay and CRL. Current Catalyst: Adcom Nov 4, with back to back December PDUFA's. Dec 27, 28
It's disappointing when this happens, but recognizing when it is time to exit is part of the job of successful trading. For now I think my $$ is better off on the sidelines, ready for another play.