The Yahoo post includes this important assertion: While I can't reveal the EXACT details (less I tip my hat as to who I am), here's basically what is involved . . .
In other words, "I'm an insider, bound by fiduciary obligation not to reveal this, but I'm going to tell you this anyway and conceal my identity so I don't get caught."
IMO, this is either: (1) a pretty clear violation of the securities laws, if what he says about his privileged location inside is true, or (2) a lie about his position, and therefoere probably about much else. (Is there a third logical possibility?)
Either way, it's untrustworthy, and a bad basis for investing, IMO.
To be clear: I say this with little knowledge of the therapeutic or the company, and don't know if the dip next week will be a good buying opportunity or not (and I'm reading this thread because Friday's events raised that question for me). But I entirely discount the Yahoo post, for the reasons outlined above.
My own opinion only, get your own.
--RCM (sometime securities lawyer) |
