I wondered, too, about that.
But I don't think so. After all, it went to 20 on the news that it was recommended.
And those convertibles at 3.5% that the institutions bought ------ 3.5% is no great interest rate anymore. I don't think they would have bought it just for the interest rate.
And when I bought MSFT in 1994, you would have thought that all the gain was built in - but it still climbed 500%.
<You are just not getting it are you? Hold on to that short position>
Why would you think he's a short? just because he doesnt agree with you. I can tellyou this much, he has been on this board much longer than you...and just to make it clear, neither him or I am a short.
Please re-read the PR....experts recommended...committee had backed Exubera's use...The European move follows a similar green light from U.S. scientific advisers last month....
This will get approved, but still needs time...hold your shares and we will all prevail....
LONDON, Oct 13 (Reuters) - Pfizer Inc. (PFE.N: Quote, Profile, Research) and Sanofi-Aventis SA's (SASY.PA: Quote, Profile, Research) inhaled diabetes treatment Exubera took a major step towards European approval on Thursday when a panel of experts recommended its use.
The London-based European Medicines Evaluation Agency said the committee had backed Exubera's use for the treatment of type 1 and type 2 diabetes in adults, although not all patients will be able to give up injections completely.
The European move follows a similar green light from U.S. scientific advisers last month.
The writting on the public wall is APPROVAL, although not official this is the time to invest, not after the APPROVAL, is then too late.....pure speculation is were the real money is made not after the fact.