after reading the report, I now believe the DB report was a very carefully crafted short term BEAR report
unlike all the other analysts who poopoo'ed the AA app opportunity but credited such view as their own, the DB analyst made sure to expressly state that she "checked with our contacts", so as elevate the significance of her belief into something that an undisclosed but connected person may have told her
better yet, she actually did not just poopoo an AA approval
she made sure to be even more precise, in that she further stated that even if the AA app is filed, her contacts said it would never be approved
thus, she targeted the very binary event the market is waiting for suggested it meant nothing
think about it
this is what she really said, in 50 pages
I am putting a 45 target on the stock, but I do not think AA will ever happen, and if an AA app is filed it means nothing, and I get this from a good source, and lastly, after it drops down to 25 its a great buy
very slick, and it worked, to the tune of flushing out 2,000,000 shares of selling from the momo players
This was not a bear report. The analyst clearly said if AA happens the stock could be fairly valued at $70. On the issue of AA most reasonable people realize that is a 50/50 proposition at best, the good analyst has to present a realistic view, not be a cheerleader.
The FDA will be breaking significant new ground, in fact setting precedent by granting AA, something not usually associated with gov't bureaucracies.
All the research i have done''shows me this'' The dmd drug of Sarepta's is a poster child of a Break Through drug that meets much more as a unmet medical need than i have ever seen in some time .The only reason for a delay would be a supply issue.Also take notes that an approval could be linked or attached to that very fact.''
Also, why come out with a "buy" rating if you are a clandestine bear? If she issues a buy and the stock goes down, doesn't her credibility suffer as an analyst? Oh, wait ... up is down, black is white ... this is Wall Street, after all!
I think her motives could be this''First see if DB already has sarepta shares or buying ?
Could be statements to call shorts in before hand...would be a nice move on her part to make a mint for her clients or DB ...........