Why is this stock slipping so much today? I picked up a bunch of shares last week at 4.88, and it's gone nowhere but down. When can we expect it to rebound and head north?
You don't. I believe Genzyme is pulling out shortly. Just a matter of weeks now.
what do you mean pulling out?
hard to say, but dyax management certainly didn't make friends in the invest. community with that 11m share filing shortly after pricing their SPO at $5.65