VRTX: If you want to use that particular arguement, don't you also have to look at other deals post-NVS? IDIX, ANDS, etc.
I see many huge post-deal drops, for a myriad of reasons over various lengths of time. What if VRTX rises $5 next week?
The short answer to your $3 question is that you may be a great investor on the short-side.
I've seen analyst remarks which were mostly glowing re the VRTX deal.
( Your seemingly anti-VRTX stance makes posters believe that you favor IDIX at the expense of VRTX; forgive me if this is not the case)
"Illegitimacy is something we should talk about in terms of not having it."
- Dan Quayle