RE:RE:RE:fundtrader and greatplay I want to ask you something. Further: Here, I don't understand why you need to short the stock? I understand that company screwed with acquisitions, but all that money gone away (stock price fall from $100 USD to $5 USD)
Company will have tough life with jacking drug prices up, yes it's a fact, but companies will continue jacking pricess up, it's capitalist world. Just not as much as they would hope.
Current company's earning per year, additional drugs in pipeline isn't equal to current share price...
But in stock market, you can have overshooting each way, when people are bullish it goes higher than you would expect, but they become bearish, it goes down more than you expect...
Personally I thought it would go below $7 USD, but it did, I still believe that was a bottom, but synthetically (short attack) it was punched thru.
It only means one thing, when it reverses with vengenance, shorts will be screaming: "why" is it going up? there's no reason...