If this selloff is due to the congressional threats to orphan drug pricing then guidance (at least as it relates to orphan drug revenues) is worthless until what congress is going to do is known.
And what are they supposed to do, engage in wild-a__ speculation by saying something like
"we believe our stock is going down due to massive shorting" ? Tell me what they could say
that would not come across as grasping at straws. How about "We believe Hillary and the congress
are just blowing smoke regarding reigning in orphan drug prices". Would that make investors feel better given they have no control over US politics?
In general I agree with one exception, namely the fact that the next president will undoubtedly get to make a couple of supreme court appointments which given the current courts willingness to muck with the very foundation of society (e.g. marriage) could cause even worse damage if done poorly. Aside from that I worry more about the growing ignorance and stupidity of the sheep that put recent presidents in place. A growing majority of the Dem party is hooting and hollering for an avowed socialist spewing the communist party platform. On the other side, a guy is totally dominating the scene who as of only a couple of years ago was a liberal progressive and one who just loves to throw little old ladies out of their homes via imminent domain laws so he can put up casinos and parking lots. We're talking about a guy that makes Mitt Romney look like mother Teresa by comparison but these sheep refused to even show up on election day for Mitt.
AF was very bearish on and fear mongering QCOR. Coincidentally Cramer took a bearish stance toward the stock about the same time. Neither had a concrete argument, just fear mongering comments. Only problem is the company was profitable and the stock ran up big prior to a nice buyout deal by MNK (which also kept going up). AF, Cramer, and a bunch of his shorting pals got screwed. It's funny how Cramer treats a stock his pals are shorting but which has no real short side argument. The best he could come up with BEFORE the buyout was "Qcor is too difficult / complex for me, stay away." QCOR was only a one product company which I guess was too much for the self proclaimed "genius". Funny how after the merger he finally came around to calling MNK a Buy. I guess MNK with its much bigger size and plethora of products somehow was NOT too "hard" for Cramer. Whenever his pals / ex-employees are shorting something he becomes a manipulating weasel.
From the urban dictionary....
big fatty: A great big burrito, usually smothered in red or green sauce and melted cheese.
I'm amazed you can draw air through one of those, or even light it up. ;)
Tried to post a link but no dice.
Maybe Missling thinks owning over 4 million shares as of July 14 is enough for now.
In the "SERIOUS DD" posting there is a paragraph beginning "Shortly after, it appears the video...". At the end of that paragraph is a link. Go to that link and in that article, near the bottom, is that Macfarlane quote.
I think you are correct since I found that he refers to a placebo in the full quote...
"In people with mild Alzheimer's disease it slowed the rate of progression by about 30% compared to people who took the placebo"
Well thanks to wildcard pointing me to that "SERIOUS DD" post I found in thet linked Australian summary article that the full quote is...
"In people with mild Alzheimer's disease it slowed the rate of progression by about 30% compared to people who took the placebo",
There is no placebo in this current 273 trail correct? So McFarlane could not have been referring to 273.
Thanks. I read through all that including the linked PRANA pr but none of that specifically addresses that "30 percent reduction..." quote that is the subject of my question. (Unless it was in some other linked post or article other than the PRANA pr.)
I'm fairly new here and trying to do some dd on the videos from Australia which some
have suggested confuse/intermix statements about Prana's PBT2 drug with Avanex's
273. Specifically a statement from McFarlane that they were "seeing 30 percent reduction
in the progression of the disease". I believe some on this board were discussing this last week but I saw no definitive links posted. I'm assuming that statement was made about PBT2 but I want to be sure. I'm trying to find that on Prana's website but no luck so far. Any links or info are appreciated.