Wow...it was not THE Feldman conference...she was on a panel with peers and you expected a PR? Really? Won't be long before the pps in the 4's is history....Reality is what she didn't say yesterday is whats important. She didn't say it wasn't working and strongly implied it is. Seems like "traders" were looking for an announcement of an absolute cure yesterday...pretty idiotic expectation if you ask me.
You're right, it won't be in the 4's for long because it will be in the 3's. You keep holding the bag and let me know how that works out for you. If you haven't noticed with your blinders and rose-colored glasses on, bio is selling off. Good luck, you'll need it.