Where do I begin? How about JPM scaring investors with the competition angle as if there isn't supposed to be competition.Then there was Cramer building up Roche and Gilead implying they are the big honchos on the block and everyone else will be slaughtered.Then there is t;he dreaded hedge funds loading up on puts on their computer trading software which magnifies every negative by a factor of 10.Mix it all up and you have a real slaughter.Oh did I mention that the CEO said results were encouraging on their trials.Makes real sense doesn't it.All I know is that I don't mind at all buying at $16.27.Good luck.
It went down a little bit because there was another negative biased opinion article yesterday that was attempting to back up his butt budy friends theory "Seth Shaw" from SA. That article was a fail and din't do too much to the stock price. The one Seth wrote did effect the stock price quite significantly on Friday though. Seth Shaw wrote an article that was full of misinformation and serious false allegations. There was major backlash to the article and all of Seth's misinformation was debunked by the replies in the article. The only problem is that the weak hands sold and got screwed and a bunch of ill-informed shorters got in and didn't cover in time. Seth's article was full of false information so it didn't go down much further today. Most people have realized the scam and I heard that Seth is getting sued.