I would probably sell at a 10% loss from the previous close (if I could even get that price), and wait for it to drop about 50% from whatever the PPS close was the previous day. Granted, I am very optimistic that it will get approved before the end of next week so this is all probably null and void.
This of course comes with one caveat--FDA announcements are typically released by the company in a PR either before or after trading hours, correct?
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