clearly this is a reaction to the claritan news about schering trying to protect their own version of a claritan otc product with patents.
It is amazing everytime something pops up regarding otc and its potential effect on amri the stock tanks.
This stock has shown many times that the large holders are all shoot and ask question later types. It seems to me at these prices bad news on otc is priced in. The earnings have been growing in far excess of the p/e indicating concern on the source of some of the earnings and thier sustainability. But even with that the case we still sellofs like this occur.
stochs and nvi tell me we are near the top. I believe this is great company, but, it will go lower before it breaks outs! The reason it will go lower is simple, the big players who drive this mkt want to load the boat some more, and they want to pay as low a price as they can, therefore a retest of the recent lows of the range (near $22). Fundamentally, this is a buy.
p.s. I closed all long positions today, because I have an inkling the employment report at 8:30 am will be weak. This however, is a trailing indicator and the MM's will use it to drive the mkt down in the first half hour before they tell you that. I will be loading up on a few stocks around 10am if I am correct. JNPR is one of them.