AF's negative article about VRTX was neutralized by monetization of Incivo. I wonder if he was trying to help some of the shorts. Apparently AF is now surprised by the Incivo sale. If some of his friends shorted VRTX thinking AF's article will lower PPS and they can cover with a profit, they are now holding the bag.
I don't think AF's article was negative at all. I do think that if everyone knows the price of R117 is baked in... then if successful, will it justify baking in the success of the 551 studies in advance of data? ~ Just a thought.
This actually bolster's my theory that the down fall is entirely on account of pricing in the risk of Vertex's cash flow. I honestly didn't even consider this - blind-sighted. But it shows they are looking for ways to raise cash.
If this goes sideways a bit, I am thinking I would be comfortable calling it a base until further CF news is released. Dipped my toes in the pool today... but this is still a very binary issue.