GREY:MDCGF - Post by User
Comment by
fairchijon Dec 16, 2009 10:23am
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Post# 16592204
RE: tough to understand
RE: tough to understandI think a couple of things have happened. The second wave of swine flu in North America has peaked and we are no longer seeing it in the news every night. Next the announcement that PMI did not exercise their option although good news long term left a little uncertainty and that is all the market needs right now to get spooked.
All of the flu companies have come off significantly and we are grouped in with these companies so we are getting a down draft from this.
But go back to a week Monday. UBS was buying everything they could at .80 in 50,000 share iceburg bids. That buying occured due to an update by MDG of what to expect in the very near future re contracts with 5 more countries and scheduling of phase 2. So it does give us a taste of what to expect next week.