DCPH went from 37 dollars to 9 dollars overnight, back in November. To me this was a knee jerk reaction to a “failed” drug trial. I write “failed” because the drug was not a successful cancer treatment, but that does not mean the company will not figure out where they went wrong with this particular formula. Currently it's up over 40 percent from when I purchased it. The stock was sitting comfortably for years at much higher prices, for much longer periods.
The analysts have changed their tone in a big way the last few months. It was a sell, then neutral, and now a buy/hold. Of course anything can happen, as we all know, but even if it hits its average 30 dollar range, you're looking at 2x-3x return at this point.
I see stocks that have history and are legit companies, dropping tremendous percentages overnight, as huge opportunities. Obviously this is risky business, but I'm not day trading. Long term holding only. I wonder, almost everyday I see multiple stocks dropping over 40 percent. There are usually one or two 75 percent drops as well. Is this a newer trend, or has this always been the case? The inverse is true as well of course. Stocks rising 120 percent in one day? Seems like crypto behavior to me! Any thoughts? Counterpoints? Ridicule? lol
Thanks!
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