Ariad doesn't need '113 to get to the promised land. That's a simple fact. Folks in this stock with a long term position must be, or become comfortable with waiting on Iclusig.
For those that have traded this stock, such as you, reactions on down days are understandably negative. Negative is tiresome. Trading this stock over the past 6-9 months has been hell on traders. While long term holders tolerate the swings, traders are wringing their hands because they lose money in the short term. It has absolutely nothing to do with the fundamental story of the company. Traders are trading against whole floors of hyenas, not to mention the HFT devil.
Retail traders however, immediately blame some imagined fundamental issue. None have panned out. SAC bailed because he needs to make bail. Favus and b*tch Adam were dead wrong, possibly illegally so. Contrarily, many of the professional analysts have been wrong, see CS and BOA/ML. The only thing the longs on this board have been wrong about, including me, and all the folks who bought the $19.60 offering, is the timing exuberance we projected in the stock price. We still could be right about a rocket this year, but it would take an extraordinary event, a '113 blockbuster announcement, or an equity deal, to make us fire up.
So, my advice, find something else to trade, or just stop worrying about this stock and imagined disasters. Everything is going good. The stock price will reflect that over time.
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