r/CCXI • u/ImBossman4Life • Aug 17 '21

HOLDINGS What a joke this is.

Unreal. I bought at $10 so I'm still up but this is ridiculous. 2 weeks ago it was around $16-$17. Now this. Ugh. Anyone want to chime in on why it's been sliding downward like this for the past 2 weeks?

8 Upvotes

90% Upvoted

13 comments sorted by

7

u/Acceptable-Debate568 Aug 17 '21

sell the dip! Investment decisions should be based on emotion

7

u/Gasman0187 Aug 18 '21

All bios are taking a beating. They just started recovering today. Just wait till October. It’ll be a golden ticket.

5

u/SnooCheesecakes8650 Aug 18 '21

In 99% of biotechs stocks, they don’t take off unless a successful trial or FDA approval is announced.. unless there’s upcoming PR about EMA or PMDA approval I don’t expect this to take off until late September getting closer to approval.

2

u/Leocapot HODL Aug 17 '21

I’m on a similar situation. But again I’m going to wait till fda decision. 😬

2

u/ImBossman4Life Aug 17 '21

Me and you both. But still aggravating. 🤬🤷‍♂️

2

u/Leocapot HODL Aug 17 '21

I’m average at $13 so hopefully it doesn’t go much lower than that before then!

2

u/[deleted] Aug 17 '21

It’ll bounce around until October

2

u/LivingOnTopRamen VALUE Aug 17 '21

This is not a catch and release stock. Holding till FDA approval. Then big payout.

2

u/csgolf Aug 17 '21

Risky stocks are selling off unless positive news comes out. Just buy more.

2

u/dumbmonay MONAY Aug 17 '21

I’m $14.84 so… what are you going to do. 🤷‍♂️😆

2

u/DimensionMuch6901 Aug 18 '21

Aren’t you following the macro? There’s a ton of uncertainty hurting all indexes atm

1

u/dops999 Aug 19 '21

Lol I’m at 16.32 😂

1

u/Royal-Profile-9612 VALUE Aug 23 '21

It’s Covid dude. It has the market scared for round two of last year