I should have shorted PUMA (PBYI) when it was 11 bil market cap on no news.
Then news became #$%$ (literally), but PBYI is still 4.6 bil.
Should be no more than two or even one bil.
This is price distortion at its best.
A company with a #$%$ drug had market cap 50 times more than a company with not one, but two drugs shoing efficiency in large indications and with NO side effects.
Sometimes I wonder what is going on in these markets.