Fundamentals Are Strong, page-145

the points about strong aud and new mexico doj case are fair, but i agree they don't justify the sp movements of recent weeks. i note net shorts have dropped in the last week which is interesting, they may see limited downside given us healthcare legislation collapse and half year results coming soon. i think the large snorters would be seeing it as prudent to take profits and reduce their exposure over the next month, but they may try to do it slowly to avoid a squeeze and avoid creating a bullish buy signal on the charts.

Im very happy buying at 91c, no guarantees when bottom feeding in the market of course but i like the fundamentals at these levels even if there is some long term pricing pressure in generics to come.