"I anticipate that when the bath water settles post final readout that the water will steadily rise as a registrational trial is increasingly likely to be approved"
That's a quote from my post last week, what do you think I meant by bath water settling? That it would be calm today?
Predictable was probably a strong word but so often now good announcement's are sold hard into. Biotech is probably one of the worse sectors for this, great announcements ending on a hard red day.
If I was trading a parcel of PTX I would have sold late last week in anticipation of Saturdays presentation. If I'm investing a parcel, hold your ground and go about one's business for the next few years.
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