> Thinking that the stock will go below $20 is silly.
How about below $24.70?
===================================================== =========== Re: Milo, your bet's looking good! Already 65% of the way 13-Jun-07 08:25 pm
There's no "traditionally" about it. The past three years it just so happens there were major travesties the second half (adverse Celebrex test in 2004, the yanking of estimates in 2005 and Torcetrapib failure in 2006).
There's nothing apparent in the way of travesties in 2007. No optimistic forecasts and no huge drugs under development that could fail. Any travesty this year would have to come completely out of the blue. There would be little reason for an investor to expect any such thing.
You saw the lows this year on March 5 with the $24.70 close. Nothing resembling that will be seen. EVER!