Does anyone have any idea why FDA approval for marketing would cause 1 million shares to be traded and the stock to go down?
It might have something to do with CLTR , which although not near FDA approval for its competing product, has gotten a lot of publicity lately and may have the superior product.
Which is something like Post #4 on the IDPH message board, from 1997.There is nothing new under the Sun on this board.
just old stuff in wall street. great buy oppturnity
I agree IDEC has been a victim of "Buy on rumor, sell on news", but the news is entirely too good. I expect the stock to be selling in the 50 range by mid-1998. Also it is now a "great" take-over target for the larger drug companies.