The stock market in general is seeing a sell of (call is risk off) leading up to this weekend's greek elections. You will probably see even more selling tomorrow and across all sectors as many investors are not prepared hold the risk. I also think many investors are using the opportunity to lock in tax losses this month.
As for EMS, SC has 7,500,000 options, so he has much to gain to get the SP up an above 5cents by December expiry, and I would think that the phase 3 trials will be completed by then. We have to remember that phase 3 trails are an expensive and extremely time consuming process that can take a long time (as we know) to carry out (and especially given the way things are done in Africa).
I definitely think the next 6 months is the make or break for EMS (with respect to Artimist), so if you are prepared to take the risk/reward approach, then now is a good time to load up on more EMS shares.
Above is just my opinion. I am a patient investor and I'm not hitting the panic button just yet.
EMS Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
