Reminds me a little of June 2017 with Portola (PTL
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Posted On: 07/17/2020 10:57:12 AM
Reminds me a little of June 2017 with Portola (PTLA). In the couple weeks leading up to a big FDA decision on a drug they were trying to get approved, the SP slid from low-40s to the low-30s and everyone on the Yahoo Finance message board was freaking out. Had a couple bounce days, then the day before the decision it dropped again. You've never heard so much doom and gloom, everyone on Yahoo finance was sure PTLA was going to be denied by the FDA. Then the next day it was approved and jumped $20/share (much lower float, but nowhere near the potential revenue as Leronlimab has for CytoDyn).
Not sure what the Yahoo msg board is saying today because I had to tap out on Yahoo and IHub in terms of CYDY and come here where people don't freak out. But what's the old saying, "sometimes it's darkest just before dawn"?
Not sure what the Yahoo msg board is saying today because I had to tap out on Yahoo and IHub in terms of CYDY and come here where people don't freak out. But what's the old saying, "sometimes it's darkest just before dawn"?
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