Empiricist1. I agree with your view that if the longs followed the Alpha-Sigma with concerted buys we would be close to dollar land. Let’s hope we learned that lesson and jump on the next deal which should be coming soon!! Keeping my powder dry!! GO IPIX !!!
I don’t think the LONGS deserve any blame for the price per share action in the market after the announcement of the deal and the price ultimately sinking lower; IMO.
“Part of the market reaction is the failure of the longs to dive in to buy.”
"Part of the market reaction is the failure of the longs to dive in to buy. I have always believed that this is a stock where college kid shorts and old men and ladies play with 401/ira funds, of course some little pharma investors too."
I guess if your suppositions are correct, then those college kids(late teens/early twenties) are a lot smarter than we old time longs.