UPDATE - ALNY why is the big drop today?
Today ALNY dropped almost 18%. As I write, it’s trading at 98.40 (-17.9%). It’s certainly do not feel good. But if we are a long term investor and looking for the future then I guess this may be a good opportunity to accumulate. ANLY’s future clinical trial or pipeline has not changed. This is just the fact that ALNY did miss the earnings. For such emerging biotech company the drugs pipeline are of immense importance rather than the earnings, at this point. As I say Biotech stocks are risky and that’s the reason reward is also high. In such scenario, I would like to do dollar cost average and sell some after it goes up X%, hold on the remaining for long term. I do feel this company has great potential. It’s purely my own opinion. For more details about ALNY you can read my FEBRUARY blog where I elaborated. Here's a good article from Motley Fool - Why Alnylam Pharmaceuticals' Stock Crashed Today (source Motley Fool): http://www.fool.com/investing/general/2015/08/07/h...