MYGN is dropping because some investors misinterpret MYRX's rise as a sign MYGN made a mistake with the spin-off (especially in view of MYRX's recent announcements). The MYRX announcements are non-news and investors taking this view are making a big mistake.
What a short at 32. it's done nothing but go down EVERY DAY since. Sold my 9-19 $30 calls on 9-9 for $3850.00 they expired worthless. One of the best moves I ever made. Only own 300 outright at 27 but still painful to watch. what the h*ll is going on? Any insight?
The health care bill has provisions adverse to medical equipment matters. Also, the bill in its entirety raises uncertainties. I think you'll see progress in the stock once the bill is passed unless, of course, the provisions relating to equipment makers is harsh.