This will be trading in this pattern for months. Nothing until end of the year.
Canaccord has AMLN Sell for $12 and it is up ~50% to 22.3
Thats the only one sell recommendation they have in their coverage and they are completely wrong. With a 3.5B bid AMLN just declined there PPS is almost 24 if considering the bid
Stop whining. If you dont believe in the company then MOVE ON. There are plenty of stocks that you can invest. You can make money or not all depends on you. Smart investors make money on both bear and bull market. It all depends on how you play.
By the way how can you say this is a Scam Company. Please ENLIGHTEN ME!
Today's trading was kind of boring. No side-wise movement although 600K traded. It is frustrating. Some big blocks at the end of day still makes me think that something good may be coming in the future. But who knows this is Biotech and anything can explode good or bad.
My opinion is
1. YMI's terms were too high to consider hence they moved to a Phase I/II drug
2. They didnt feel comfortable partnering with YMI considering their past failure.
3. They see something better in Galapagos drug than YMI's