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Post by babaoriley on Apr 1, 2014 18:43:52 GMT -5
Most of the last few years have been tough; the last two weeks or so, truly difficult, but this resounding vote today made it all worthwhile! I too, doff my cap to any that didn't sell anything in the last week or so, there is no way that I belong in that Pantheon!
We collectively learned a lot about briefing docs and AdComs; I certainly wish I had been a veteran of four or five of these things before MNKD, it would have kept matters so much more in perspective. Although I've had many biotechs come down to the FDA vote, I've not followed an Adcom other than the final vote. Experience makes a difference!
Our feelings regarding AF and his ilk have been confirmed and justified. Doesn't mean that every time the shorts are playing games they are wrong, but it surely causes one to discount the short side somewhat, and also teaches a lot about how to play these types of stocks in the future.
I had a chance to meet Mannmade today and enjoy some fellowship during the second half of the hearing - he's a fine gentleman, along with this friends with whom we watched!
Great board, and will look forward to your insight as we move forward.
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Post by vdhingra on Apr 1, 2014 19:31:21 GMT -5
Will second you on all that you said about Board and learning's in this process.
This was my first Biotech investment. Lucky to have met a group as fine. Thanks for all the inputs.
I was in 80K shares end-of-day Thursday, but sold down to 10K Friday reading thru the FDA version of the BD's.
Gotta say, never thought the panel would be so supportive (and dismissive of FDA concerns).
Salutations to all who maintained composure (thru such harsh winds). Enjoy - much deserved !
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