It's down $12.50, give or take a few pennies since the called rumored buyout. To your point, yes it could go up but it didn't. Rumors are what they are; rumors!
Yes, BMRN does appear to have a strong pipeline, but they're not approved drugs for the marketplace.
The reason the stock is down is pretty obvious. Those who chased the stock up are out. Even Monday when the market was up 290+ points, BMRN could only manage a sixty-five cent advance. Whoopee!
To my point. Don't chase rumors and forget 99.9% of Cramer's garbage. He's your pro of pros for pumping. Let the marketplace determine the value of BMRN based on science, not some nitwit writing for Seeking Alpha, who has an agenda!
I'm still long and will remain. Didn't buy the new Ferrari and won't chase the stock. I've got enough.
Yes, in the end it could be the ultimate lotto ticket; just not today.
You called it! It will be down big tomorrow morning in pre-market. A significant follow through will be evident when the market opens at 9:30 am. 99.9% of the scribes on this board were looking for the big lotto payoff; not so fast my friends. There's an old axiom on Wall Street. When "everybody" is in the boat on one side of trade, take the other side. From the famous line from Justified; "watch out below!" For all of you haters of rebeccaherbstinvestor_fan1, cut her some slack. She called it and you sheep who followed the rest of your cohorts, enjoy the slaughter tomorrow morning!
Means nothing; 342,283 shares traded after the halt was lifted. Friday afternoon at 5:35 pm. with 106.6M shares outstanding, not material. If you want to hypothesize the ultimate outcome of the approval yesterday, wait until Monday with a possible follow through on Tuesday. That would be a better baseline than getting over concerned about a dribble of shares traded on late Friday afternoon.