You own these poor "little guys" an explanation about why you lured them into this disaster with all of your "work" on the science. At least give them an education and admit that you are a hedge fund short player and wanted to get the stock price higher ahead of ASCO so you could short more...that, my friends, is how the street really works...right Dr. V?
No one likes to see a cancer trial fail, but to be surprised by this reaction in the stock price is idiotic. Shorts up 2.5 million shares, thestreet pumping it prior to the data and the chief medical president leaving abruptly were all plain signs...I closed my options positions with a juicy gain. I honestly think it goes lower when the combined survival data is disclosed as you will probably not see much of a survival benefit aside from the cherry-picked PR this AM. Of course there was a survival benefit in the arm that moved to GALAXY-2...that's what the trial design called for!