Replies to post #255 on Lipocine Inc (LPCN)

[JJAAMMAANN]

I almost pulled the trigger today on this one, but didn't get filled. I will have to wait till Monday to see if I can grab a few.
I have seen and ADCOM go well for a few companies, and I have seen it go horrible for one in particular. If you look at my history of posts, you can see the one that it went bad for. I had a gut feeling it was going to be bad, so I pulled out of that one around $2.80, and it dropped all the way to about .80 so not a good story. I was one of the lucky ones! I have however bought back into that one on hopes that they can get their CRL straightened out and go back to the FDA with a better pathway for approval.
The way I see LPCN right now is very positive, and I can't understand the downward pressure? With only labeling issues, this should be fairly easy approval and good outcome. But come January 10th, the writing will be out...not that the FDA has to accept the ADCOM's recommendation, but its about a 98% chance they do. I have only seen one where the FDA approved against the ADCOM recommendation not to approve.
Either way, best of luck!
I'll try again to get in next week
IMHO