This is the chart before and after JTM article Pr'd May 29. Stock took a dive from March and started slowly walking up a month before. Are we seeing the same pattern here? Time will tell.
Yes but there's an added wrinkle this time in that we were first promised TLD last Sept w expectations reaching a crescendo right before SNO 2020 to then find out a Journal article was needed w TLD. Add that to the fact a curve ball was thrown when you normally have data lock you then get TLD a couple of months later which makes it twice as frustrating. With interim results, there was no curve ball thrown. Many longs feel this frustration, it's palpable.
I'm far from thrilled with the wait but our prior experience with waiting for an article to get published set a benchmark for this to take this long this time around.
By that logic the other benchmark that has been set has been that we will wait over a year not on a publication in the Lancet or the New England Journal of Medicine but in a second-tier journal to little fanfare.
Hopefully history will only repeat itself in one aspect and not two.