I think you are completely wrong. This stock is not currently being priced for approval, since most know what happened during the last time they went in front of the FDA. Approval will lead to significant money flowing into this stock.
MGT is now up 455% in the week since I made this post. Well, I tried to let people know, and just got downvoted for it.
answer, no they do not.
The news coming out keeps getting better and tomorrow the real pain begins tomorrow.
someone big is accumulating. Look for a big gap up tomorrow morning.
seems to me this is more about injecting confidence into the market to prevent the tech crash that has been brewing over the last few weeks. Reminds me of his Goldman Sachs purchase in 2008.
anyone seeing this news?
anyone else seeing this?
anyone seeing this news? MGT is flying +43% on the news.
While I agree that your general premise makes sense, Bill has to save the mothership here too.
Do you really think his investors are going to sit idly while VRX shares trickle into the teens? I honestly doubt that. Every day that share prices fall lower, Ackman's reputation takes another hit - investors and his employees will abandon him.
Also, simply running the comapny into bankruptcy and restructuring while protecting the common stock is not that easy by any means.