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Biotech / Medical : Biotech Valuation
CRSP 55.28+5.3%3:59 PM EST

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To: Mao II who wrote (13359)10/6/2004 5:20:49 PM
From: Biomaven  Read Replies (1) of 52153
 
Why do you doubt a substantial run-up? Stellar 3 is completely blinded and date for unblinding has been substantially extended due to longer-lived patients

Well then why hasn't the run-up occurred already? There isn't going to be any additional new information (as far as I know) before the release date.

It could be the market is just being inefficient (slow) here, and as people focus on this more (closer to the release date) the run-up will occur. On the other hand, the very high implied volatilities suggest that the market has already focused on this event and come to its decision. I personally believe the market's current decision is wrong, so I own some of the stock (but not in any great amounts).

Peter
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