I'm not being presumptuous at all about what Wedbush was expecting. Now I may be presuming WHY they were expecting what they were, but its not a huge "leap of faith" to believe they were just parroting what management had indicated - whether it was intenionally implied by ARYX management or not is the only presumption I am making re ARYX. And I presume ARYX management made it no big secret they had a deal done.
I know that they were expecting the deal as if they had been told it was a sure thing whether or not it was implied I cant say, but there wasn't ANY doubt for them. I have no axe either way and it didnt fit my investment criteria at the time so I never bought. They wouldn't have expected it with such a high probability unless they were led to believe that it was a done deal by management IMO.
All I can say is that THEY were led to beleive the deal would be done no later than August and that they (and by the stock price reaction) were expecting a large move on the deal and it wasnt a question of "IF" back on July 5th +/-
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