I am long and I am beginning to wonder about partnership. I remember in November/December the company line was "no BP willing to commit before Adcomm threat is gone". After April it makes sense to wait for Approval or CRL that way we get Maximum valuation. During one CC an analyst asked what if you don't get a BP partner and Al shot that down immediately. Now question for Al is " have you bagged a whale?". Or has this been a big fradulent scheme.
The dogs got loose today. Expect more of the same. They will have to go the moon to cover. Volumes have decreased. The amount of inter mkt swapping has picked up more so along with other and phantom trades. approximately 20/30% each day are actually real trades. The hole is so deep that a 40 foot extention ladder won't reach the surface. They will need a life line.