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I would agree with you if I thought I could time the market. If OvaRex comes through Phase III with positve results this stock will soar like Imclone--that is the gamble.
Indeed you are correct sir. Quite scary when dealing with FDA stocks. Pretty tight ship there, especially with imclone putting away the crooks.An FDA decision can drop from nowhere and crap all over your short.
What doi people make of that last, very weird hour? uthr runs up strongly then falls even more sharply ...? What does this tell us about the behaviour of the shorters and other short-term traders?? (Genuine question)