Today, (6/6/13) PIP and SIG are both trading in the same range as they traded a month ago, before the 'landmark ruling.' Neither company seems to have benefitted from the ruling or the much hyped potential of the ST-246 drug. What happened to the BIG PROFIT potential? At least some lawyers and day traders made a little money. (sigh!)
The BIG PROFIT potential remained largely potential awaiting the decision of Parsons. As I (a non-lawyer) understand it, basically PIP is pretty likely to get half of the billion dollar business - with that value discounted for time and risk, a nice gain for an $83M company. Right now the stock is balance between buying by Longs like me who understand the decision and the Shorts who are hoping they can depress the price further and are hoping that people do not understand the decision. That is the current equilibrium but it is a temporary one until Parsons decision comes out. As a Long for PIP, I like my chances.