The game isn't rigged. That's a cop out excuse that people use to shift blame. You (and I) ignored the advice of seasoned traders who said to get out of ATHX. The price action on ATHX wasn't because of "the insiders" who had "the scoop" and knew to bail early. It was because veteran traders knew that a binary event like this would lead to a pump in the stock. They bought in when they saw the stock moving up over the past days/weeks and cashed out when it hit a peak above $3 and locked in solid profits of between 10-30% depending on when they got in. They never intended to hold - they had defined exit points and were happy to leave with profits. This is probably the hardest lesson to learn as a trader (one I am still learning) - locking profits on 100% of your trades is more profitable than that one big "winning score", because consistently winning is profitable. Remember that we work in percentages - if you make 20% profit on every trade, and your loss risk is 50% (or more) you have to have a Win:Loss ratio of at least 3:1 before you've actually made any money, and that's assuming your first 3 trades were the winners. Do you currently win 60% of your trades? Not trying to be a dick here, I'm asking honestly. I don't, and this is why I need to get better and learn more. Every day I'm reminded that consistent small wins are better than infrequent huge wins. Break even is rare - you will either win or lose. Yes, I'm sure there are some big movements that some people are "in the know" on, occasionally, in the market, but it's not like those people are what did this. I'm sure plenty of people were playing this just like you and took a bath on the early announcement, but that's the risk you take when dealing with ANY kind of binary event. The smart investors locked in good profits on the high Thursday, rather than holding for further highs or jumping in last minute hoping for another run up. I'm not saying it doesn't suck to lose all the money you lost, just that this is how the game works. Let this be a lesson to you, me and the rest of WSB: holding any position overnight on a high volatility stock with a massive binary event on the horizon is inherently risky for this exact reason - the news might be released or leaked early, and you'll be left holding the bag. Next time, quit while you're ahead. I sold ATHX on Thursday morning and then re-entered on the dip Thursday afternoon thinking I could double up my gains since I'd fortuitously avoided the dip, and by Thursday night I too had resolved to exit again because it seemed too good to be true, but I was too late, just like you, and I paid the price for it. We can learn from this and be better traders, or we can blame someone else and doom ourselves to repeat this same scenario again in the future. Personally, the next time /u/c0mputar tells me to get out of a biotech, I'm damn sure going to take him seriously before it's too late. Hogs get fat, pigs get slaughtered