agdaddy04 said:
62strat said:
agdaddy04 said:
62strat said:
1939 said:
You geniuses convinced me to buy SAVA, and then buy more yesterday. This isn't what I was expecting.
same here lol. I'm a total newb, and all the sava talk convinced me to put some money in.. at $92!
Wtf.
that's what some bogus lawsuits will do. It'll come back with a vengeance.
So we're buying the dip today then to lower basis? Or wait until the lower dip tomorrow?
I have enough for now. If it reverses around $59 or so I'll probably pick more up.
SAVA so far has acted similar to when the Biogen/FDA bad news came out the week before the 6-month data release (although it dropped from a higher level this time). Last time it found support around 70 and was back over 100 within 4 days. I'm not saying that happens this time, but finding support at 70 is a good start.
9-month data could be released any day now and if that data looks good, SAVA jumps to 150.
If the FDA issues a response to the citizen complaint and they side with SAVA, SAVA jumps to 150 (Note: FDA has 180 days to respond to the complaint).
If the FDA halts the phase 3 clinical, SAVA drops to 10.