some fool is probably doing a pairs trade with thld and cytr.
idiot can't see the forest for the trees. however, that's not as big as mistake when you consider that this idiot is long cytr and short thld. i would love to see him roast in a few months when the interim STS results are released.
mclim, obviousely there are traders that are high on cytr and probably think they are in direct competition with thld. don't tell me you haven't notice how good news released by cytr has resulted in thld going down? these are the traders i'm talking about if you can't figure that out.
as for cytr.. at least they had the "dream team" lol. we have...ummm.. beachbum lmao.
we will bottom out around June around low 3s then probably run back to 5s by July. Then hopefully we can see the data. im still not sure if we will have some kind of data if we have to continue to completion of the trial.
mclim, i doubt the price action will work out the way you think. first, if you look at the milestone chart provided by the company, interim sts is projected to come out btw jun and jul. second, thld shorts may be idiots, but they are traders b/f they are speculators so, i doubt any short traders will want to hold their position going into july. my bet is shorts will look to cover their position around the end of may.
as for the price going into the low 3s, that all depends on the biotech bear market. this down turn was not due to any fundamental change to the sector but more on valuation. looking around the sector now, i sure see a lot of cheap companies so this sector sell off has probably leveled off and we may even see some price recovery soon.