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I think the reason that THLD dropped so much is that it had one drug that the FDA had some problems with. It seemed that investors were counting on this drug to make them a viable company.
When a few mutual funds and only a few people own a lot of the stock, they can effect the price in big ways. The market can adjust the price if no one is willing to buy it.
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I'm aware that the banking system and SEC are set up to prevent another depression, and I'm not too worried. I just like having plans for what to do.
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