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DewDiligence

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DewDiligence

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Re: steveporsche post# 80955

Thursday, 07/16/2009 7:15:58 PM

Thursday, July 16, 2009 7:15:58 PM

Post# of 252343
IDIX:

Dew, any clue why up 20% today? I know there is a CC on Monday…

NVS had its quarterly CC this morning, but there was no discussion germane to IDIX, so we can rule that out. The remaining possibilities are: a) A leak pertaining to a clinical program; b) A leak pertaining to a buyout; and c) Ordinary fluctuation for a small-cap biotech with a relatively small float.

I think c) is the most likely explanation (e.g. look at the recent price action of ACHN), but the other possibilities can’t be ruled out entirely.


“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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