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Re: PennyWorld post# 503

Wednesday, 11/27/2019 4:31:03 PM

Wednesday, November 27, 2019 4:31:03 PM

Post# of 785
Ya, I understand your point.

I was going to sell LPCN on the ride up hype to FDA approval, before the FDA ruling, but did not sell and now I'm way underwater.

Sometimes, small biotech stocks actually go down after FDA approval, because they don't have enough money for productions, marketing and sales, especially when they are not willing to partner or sell...

In which case, they do a dismal secondary offering and/or a drastic reverse split.

I realize, that there are true biotech-expert investors and excellent resources/books, that cover a lot more detail.

I just wanted to make a point or two.
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