"..they chose to get all the bad news out at once."
I thought the trial results were positive.
Only bad news would be dilution.
You still own SRPT?
Sold my messy 500 shares for a 50% haircut.
Nice bounce today especially if you bought yesterday, but hindsight's 20/20.
Just an observation:
We have one poster who as recently as last week said Synta was going bankrupt now loves them.
And another who stated that their drug was doomed to fail is touting the fact that the billionaire director buying more shares is a confidence boost.
Not saying it never happens, it just not as obvious as your scenario points out.
If you are very skeptical of SRPT then why would you want to jump in now? Same drug.
I'll assume your interest would be in a short term trade.
Now you know why they met with Jefferies the other day.
It wasn't about a partner as some pumper had suggested.
Hopefully Bruce buys a lot, if not, I see it drifting to the low $3s.