How could this happen?! One of the worst takeovers in history. No wonder Pharmasset was actively pursuing major pharmas to be takenover.They knew the cat would soon be out of the bag, so why not find a sucker to buy that bag ahead of time(IMO)!
This is exactly reason I thought it's better Gild Wait to close. Well I lose small amount in VRUS But now going to make bigger profit with VRTX. I wish I short GILD when it reach 55 but I don't normally short share.