SK: I agree about the intelligent discussion, something that is very often missing on iHub boards. As soon as one presents either a bull or a bear case as an alternative, the other party feels obligated to personally attack!
Anyway, I understand your distinction about the use of the word anticipation. My point is--and I'm going further out on a limb than you as far as my personal opinion goes--HEPSILAV will not be approved this time around (prior FDA actions overwhelmingly support this thesis) and anyone trading with the idea that it will be approved is sorely mistaken.
You are exactly right that the catalyst is not the approval but the possibility. So yes, certainly, if you feel that the stock will move up based on (IMHO) false expectations, then riding the wave is a good strategy.
Totally FWIW: I'm the not-so-proud holder of a rather large DVAX bag from a few weeks ago. Luckily I got in at a decent-enough price that it won't take much of a wave for me to get out whole, and that's what I'm hoping for.
Best of luck! -OB
All that is needed to make a happy life is within yourself, in your way of thinking. -Marcus Aurelius
