Dec. 4 at 4:33 PM
$NKTR @jimmyk35611 I feel bad for myself that I couldn’t take advantage of the dip. Was off by 1 day with FOMO
The reason for FOMO.
1) NKTR announced
$110 M ATM offering. If the results were bad and if they were to offer this preemptively then it will be looked at as manipulative , will draw lawsuits, destroy trust with investors and will not be successful in their future offering.
Thus the reason for the ATM is that they know it’s a success
2) FDA won’t grant them a fast track status without compelling evidence of their mechanism , biomarker and efficacy signals.
3) the downward move was on a very low volumes so it was not worth losing out a position to gain couple of dollars
FOMO is real in this case and this is going to coil up in the Lower
$80S after the AA results.
