$heff's $tation of $tocks & $olid DD

[oldberkeley]

Re DVAX:

the downside risk has already been hugely negated by that gap down.

Also holding and I wish the best for both of us.

However, remember that the gap down from $5 to $2—a 60% loss— was caused by a fundamental event. There’s a very significant chance, perhaps even a likelihood, of another fundamental event occurring: a CRL on Feb. 24.

Making a large assumption that the PPS had climbed to $4 at that point, a resultant second gap down to $2—a 50% loss— is not out of the question.

All IMHO, but the risk/reward just isn’t there for me, I'm not going to hold through.