CLDX update

Well, looks like cldx went the wrong way, but the day is still not over yet. It was at even money this morning, but we held looking for the profit, then things started to go the wrong way as volume started to surge. The chart is starting to show a peak technically, but that is too late for us as today is options expiration. Two things we can do:
1) The stock is drifting down today from an earlier high: If it drifts down enough, we will recoop our losses, manybe still putt out a profit.
2) Sell our option for a loss and roll it over to decembers and get our loss back from there as I see a top forming on this stock.

This stuff happens. 8 out of 9 times when a stock makes an announcement like it did yesterday and jumps, the next day the stock deflates because when a company announces stage 1 or 2 results that means there is still a few years left of testing before it can go through the 4 stages of testing What this company did is worse: it was a test result of an exploratory study...it wanst even in the testing pipeline. This should have tanked, but the public incorrectly bought today.
This would be an example where I would seriously decide if I want to double down with Decmebers.
Lets wait and see how things shake out as we get towards close today.

Mark