Ill, I have to ask, what are you on today?
Ariad's moves have simply mirrored the inverse of the vix, and, recently have had nothing to do with the fundamentals-
So why are you(apparently) so excited?
Rida, for example, had no discernible effect,(except possibly a negative one, due to the underwhelming nature of the event).
From my point of view, any immediate excitement about Ariad's prospects(short of one of the possible unexpected major announcements we're all aware of-but which are not to be banked on)relates to larger market moves.
So if there's some other reason(and the bounce off the SMA200 in the current environment isn't very compelling), please advise.
