it is not a negative bias. It is a trading bias. Why? Because the only thing that could make or break this company is the phase 2 data. If positive, then the sky is the limit..if not it is just dead weight. So right now the only factor is time and if the results are going to be delayed then investors will sell and trade other security. This is not brain surgery. JC keeps on jerking us around every 2 months I guess.
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