Apr. 8 at 10:25 AM
$LPCN dropped a staggering 80% on April 2. I like gap downs because my overall strat has paid off ever since the past.
Insider acquisitions right after the drop has increased my confidence even thought LPCN1154 has not shown statistically significant results.
I am long on the technicals and considering heavy ownership by institutions like Blackrock, Vanguard etc.
Earnings call: May 7
Support at 2.
TP levels: The major EMAs (20, 50 & 200) all the way to fill the gap on the daily. Strat is to scale out.
I am not a financial advisor and this is not financial advise. I am only sharing my own personal opinion, thoughts, plans and strategy. Manage your risk!