My strategy
$Tonix Pharmaceuticals (TNXP.US)$ the shorts are giving back shares based on Fintel, that may be a signal for something positive. i am doing a hybrid approach, setting a wide stop loss for some while letting the rest ride. The FDA will notify a company within 60 days whether they accept/deny the NDA. That day is today but im assuming Monday since it falls on a Sunday. Good luck and make your own decisions.
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stderr : This is whether they accept the nda for review, not whether they approve the drug. There's no money in getting fda to think about it
ambitious Unicorn_63 OP stderr : The SP has increased since .12 over the month due to FDA acceptance of the NDA. The drug is not approved by the FDA but is granted fast track and hopefully a Priority Review…that is a 6 month approval