Today's trading would certainly indicate that investors don't expect anything on Monday or early next week, if they did FOMO would have had us up, not down on the day. I really don't know if anyone outside of the company and regulators themselves know anything about what's happening, or going to happen, and when. While anticipation normally can be based on some sort of leak, I really wonder if that will be true here at all.
I suppose there is another possibility. If the thinking is, one of the UK regulators will suggest to a friend or relative the purchase of NWBO, and this occurs shortly before the news is out. Instead of that, what if months ago that information was passed on, not knowing how long it may be before approval. Perhaps those making the decision actually passed the word to friends some time ago, they know the decision will be yes, but the precise details are taking longer than anyone thought.
I have no idea if this happened, or if it ever happens, but while the people involved in making decisions on the success or failure of a product would be foolish to invest themselves, and potentially be subject to severe penalties, I suspect it's very tempting to make suggestions to friends, and perhaps distant relatives, who won't be looked at. Once word gets out from a reliable source, no telling how much it will expand and that's what I believe technicians would consider to be a tell.
This wasn't a FOMO Friday, it's hard to say if there ever will be one that's right, but there is little doubt that FOMO will play a part at least some of the time.
Gary
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