Adam Feuerstein (ugh) with a Live Chat starting now on The Street
Look at AF comments on IDIX vs.ACHN. He was down on ACHN and upbeat on IDIX.
Result: ACHN--up from 6/7 to 94$/share
IDIX--down from 9 to under 6$/share
Problem is his sources.Some are misinformed and some are hedge funds.
I remember his LONG Blog on ARENA--it seemed convincing. He favored VIVUS.
Result: ARNA went from 2.5 to 11$/share
VVUS went up from 27$/share to 29$/share.
Now VIVUS is close to 24$/share-- ARNA is close to 9$/share.
Read his latest comments on Arena--when VIVUS went up from 22 to 24$/share after launch announcement. He used Great words for VIVUS, but negative words for Arena.
Actually,one investor sued him when he was writing misleading comments about Arena,before FDA panel meeting. I thought AF had good points--but later found-HE WAS TOTALLY WRONG.
I read his blog--but his information is wrong more than 50% of times.