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.