Srpt stock existed for 24 months where there was a binary catalyst always right around the corner
the market perceives no binary catalyst right around the corner (early October is not right around the corner in the finance market)
and when you have no near-term catalyst, and perceived renewed risk, bad things can happen to your stock price,even if, in reality, no bad things are happening at the company
with all due respect, those that were screaming that they were "professional traders" and that the "news was good" had absolutely no idea what they were talking about
and now I see they are saying that this price action "was expected"
An unprecedented buyout is always a potential binary catalysts. Those forgetting this possibility would get burned playing the timing game. That being said, for the most part, I do agree with your post.
Management has be concerned about this very possibility. Very hard to imagine a bidding war not happening soon with the Mkt. Cap. this low.
I would like to rescind this post
copp says I am needlessly stating the obvious
I am very sorry
Armature advocating yourself.