The reason this traded the way it did is simple. Months ago, PTX gave a deadline of three things: 1) buyout 2) refinance 3) bankruptcy. Bankruptcy was never an option because they had the money to pay the debt that was needed, so it came down to buyout or refinance. Both are fantastic for $PTX and it's shareholders but people bought in the 3's and early 4's with the potential of getting 5-10x their money in such a short time. Once the announcement was made of no buyout, a ton of retail sold their shares at a small profit, break even, or small loss to free their money back up. This is going to go back up very soon and at a pretty decent pace. Fundamentals and charts both say so.
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