I’m still adding to OSIP at these levels (just got filled at 48.49). How low can OSIP it go if the Iressa ISEL data are strong? Not that much farther, IMHO.
OSIP was trading at 38 and change on April 23, 2004, the day before Tarceva top-line survival data in NSCLC were released. At that time it wasn’t even known if Tarceva would be approvable.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”