I beg to differ. The stock price started going down after they announced that they completed part 1 of phase 1 of the safety study. The safety study was delayed multiple times, and the latest timeline from the company stated that the safety study would be complete in 2nd quarter 2018. When the announcement finally came, it stated some completion, but added commentary that basically says it still isn't 100% complete (paraphrasing here). In my opinion, a lot of shareholders(myself included) were giving the company one last shot here with this timeline, and when the announcement came, it wasn't enough to instill confidence in the short term. If you read my last 3 posts here, you will see that I sold right before the announcement. Personally i think that based on past performance, some of their other predictions(based on their provided timeline) that are projected to be complete 3rd quarter this year, are in jeopardy considering how may delays it took to semi-finish a 27 participant saftey study. Please be advised that I am not a basher, and I still have a lot of faith in the company in the long term( i still hold a core position here, just much smaller), but i think what we have been seeing is some (few) retail investors selling since the last announcement, realizing that this is a much longer term investment than they originally guessed. I think it is silly to claim that the movement down is solely just from a sector movement and has nothing to do with management or fundamentals. Lets be honest with the board here and at least entertain the idea that this recent selling has at last something to do with the lackluster announcement of the looooooooooog awaited saftey study results. Just keeping it real here, i dont claim to know anything special, and I am always honest about my trading mistakes( again read my last 3 posts).
