Experience gambling on FDA approvals?

I used to buy stocks of pharmaceutical companies that were going to get an approval/denial from the FDA for their new drug.

It was a hit or a miss but could generally do your research beforehand so it wasn't all guessing.

Anyone know if this is normal practice or if you have any experience/tips to share.

Thanks :)

Submitted August 05, 2014 at 12:56AM by haha_thats_funny http://ift.tt/1p6AtTl