INCYTE INCY

Timeline for blockbuster drug Jakafi
6/8/11  NDA
8/3/11 FDA accepts filing
11/16/11  1st approval, 2nd indication approval comes 12/4/14

This one made some wild moves:
2/11/8 $12.83   11/7/8   1.85, a whopping 86% decline, long recovery until 3/8/10   25 months
4/5/10   14.87    5/3/10   8.5   43% decline, recover 9/20/10    5 months
5/2/11  21.15    11/21/11   11.76  44% decline, recover 4/23/12   11 months

now above $108, a 745% gain since 2008

Lessons:
Bear market brutal but sitting tight can work out.
Options, I've used Leaps before, perhaps better to buy when they have declined 30-40% off a peak.

Click image for larger