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Re: iwfal post# 5562

Sunday, 03/30/2008 9:20:38 PM

Sunday, March 30, 2008 9:20:38 PM

Post# of 12660
"Before the recent rejiggering of interim and trial size I had thought about going long after the failed interim."

The play is still a possibility, given that we might well see a larger PPS drop after the interrum than under the old SPA.

If DNDN drops to around $4 (and I would expect even lower is possible) on a failed interrum, what is the investment decison? Risk/reward of likely 5 to 1. Odds anybody? Perhapse some calander spreads could even be a better play.

EDIT - proces are in todays world, and of course subject to serious changes before then. But the concept holds.

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