Decided to go short at 38.17? Why are people still buying this stuff? I realize that this is good news for people with this disease, but is this not overbought? I guess I am missing something here...
With a 7-5 vote on efficacy, all 200K cases will not gain access to the drug. The FDA instead is likely to place restrictions on the application process for the drug & only the hardest cases will get access for the 1st yr.
It's up 150% over the last 2 wks. The one thing likely to keep it down is that ITMN said in the conference call today that production delays are to be expected because they have yet to make the commercial investments needed for manufacturing.
Call me whatever, I also bought one million shares of SIRI @ 0.36.
I sold half of SIRI and moved the position to ITMN last week.
All I can say is WATCH and LEARN.