ARN was down 11% yesterday because of a "non final" rejection of its crutial 889 patent..the LDL neutrality one...
At least one fund paniced and sold 2mil shares into the maket and ended up down in the $7.50 range...Guess that guy did not understand PTO BS and realize a non final rejection is one step beneath a love letter in the PTO process...That trader may be looking for a job in the near future.
Today cooler heads prevailed and the stock retraced...
":>) JL
Sorry the cite wont load, but you can go to the Yahoo AMRN board and find the cite which does load from there..It is very interesting if you want a real inside look at life in the PTO..