Hype? This is fundamentals. The market size for forward looking revenues just doubled. No competition is hardly hype it is a huge new vote of confidence, and everyone knows that to be true . Exceptittle johnnynickels that is. Stay short, the big news comes sooner than u think.
The GSK news changes the partnership discussions immediately. Hopefully, SRPT has lined up their outside help for partnering. I would rather see a partner than the next set of results. I want to see execution of the business plan. They meet with FDA on AA, if they haven't already. Then, they bring the results of those discussions to the top parterning prospects and let them slug it out. They announce the partnershp(s) before the minutes are published. The stock goes back to 45. They then do a PR on the FDA meeting after the minutes are out and SRPT goes to 60.
By the way, the sequestor does not kick in until March 27. Hopefully, they will all do their little dances and work out their BS by then. However, March 27 should be long enough for the FDA to give SRPT its walking orders.