Friday, May 22, 2020 12:28:26 PM
Our happy little stock is showing signs of life, prior to possible TLD. This got me reflecting on the FR-Rule and led to these thoughts:
Corollary 1:
The FR-Rule requires that the trial in question have a generally accepted concept of a date on which the results might be announced.
If no one has an idea when the trial might end, might as well hang the “Gone Fishing” sign.
Corollary 2:
Conversely, if the market cap of the company to be reporting data rises above $300 million, the odds of success increase infinitely.
This is due to the mathematical result of dividing any non-zero number by zero.
To infinity and beyond!
BTW, I predicted TLD in mid-September, within the four month timeframe of the FR-Rule. Always the optimist.
For your entertainment:
Celator jumps 400% in after market trading, shatters FR-Rule:
http://www.redacre.com/insights/140316191/biotech-shatters-rule-jumps-400
Jazz Pharmaceuticals acquires Celator for $1.5 billion
https://www.prnewswire.com/news-releases/jazz-pharmaceuticals-and-celator-pharmaceuticals-announce-agreement-for-jazz-pharmaceuticals-to-acquire-celator-for-3025-per-share-300276751.html
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