There is nothing new in yesterday’s stock head article that wasn’t in either the original announcement or the follow-up telephone meeting.
The reaction to the announcement was catastrophic for the share price despite acknowledgment that the drug actually worked. A gross over-reaction, and an example of short-term herd-mentality.
If punters had read the announcement and listened to the phone call, they’d have ridden the drop, picked up more and be sitting nicely.
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