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DragonBits

08/04/10 5:52 PM

#100745 RE: wallstarb #100740

wall, if there were nothing to worry about, then no one could make money on stocks.

Like the recent 19% downturn in the SP500 seemed exaggerated, and at the time everything was all double dip in the news, now that good earnings are coming in, the rallies look good only because the market was already down so far.

Not that there is manipulation, no one would stoop to that sort of thing just to make a lot of money.

I like to think of it as information management. Give the people what they want to hear, where there is fear, let them know how bad things can get, where there is greed, the sky is the limit. The timing is only coincidental.
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10nisman

08/04/10 7:48 PM

#100753 RE: wallstarb #100740

<< I agree 100% with you, but MNTA wasn't that "cheap" of a market cap - it had a large % of approval already bult in - the only real question was timing - next week or next year has been the question (IMO) for the last 2 years. >>

MNTA wasn't that "cheap" of a market cap prior to approval???

It had a market capitalization of approximately $440 million upon approval (excluding cash). But, I guess that's expensive for the potential of obtaining approval to serve a $2.7 billion Lovenox market as well as the potential of M356 (Copaxone - $2.5 billion market), M118, etc.. How did that short position work out for you?

10nis