CORT: As there is no material news price drop can be due to many reasons, some of which are mentioned below:
1. some body got caught up in INHX mess and had to sell his long holding to cover for it.. example YMI, went as low as 1.03 and now at 1.67.
2. somebody had to sell some holdings for whatever reason. Volume was not even half a million.
3. Some body thinks it wont get approved and shorting it.
it does not takes a lot to bring the pps down on these biotech catalyst plays. you have to know what you are dealing with . At this point i am confortable holding.
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