Oh please. The FDA is a corrupt organization run by big pharma & big agri. How do you think Congressmen get such consistent 15%+ returns on almost exclusively bio-tech and healthcare stocks? No, they wont let one guy's personal feelings affect a decision but you can bet your ass that big pharma can push through poison like Vioxx and Lipitor. It's all good, cause after it's exposed, big pharma can easliy afford to pay out hefty fines, handle lawsuit settlements and then move on to creating new crap to treat the problems that the old crap created. But that's not DNDN. It's different for the small biotechs. They would not be able to handle any "surprise" problems. So the FDA has to be serious with them and impose real standards. DNDN better cross their Ts and dot their Is, half-assed trials that the big pharma gets away with will not fly here. Especially not for prostate cancer, maybe some acute cancer. Would be nice to see DNDN trade below $5. If Provenge has any real potential, Genentech will buy DNDN out and complete the process.
So... how did the gambling go for everyone!? This should teach at least a couple people to stop trading this stuff.
The few traders I know that are very experienced told me "Never play biotechs! If you consistently play them, it's inevitable that you will lose alot, no matter what side you're on."
The game is not over yet, We have seen IMCL, ICOS. Survival Rate is impossible to fake, good science will prevail.
Call me FUCKING INSANE, but I'm going to start accumulating June Calls here....$5 Strikes are trading for about a buck and a rumor can send this stock rocketing. Someone can buy the entire outstanding count of the company for less than it would take to pay out the Puts written in the last few weeks...I just don't buy it, I think this piggy can trade higher and I intend to capitalize off of that. Wish me luck boys, I'm suiciding it!