Bill Wexler's Trading Cabana Message Board

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Non-Tech : Bill Wexler's Trading Cabana

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To: RockyBalboa who wrote (3681)	6/30/2008 10:15:28 AM
From: RockyBalboa	Read Replies (2) of 6370

Myriad delivered one of the most asinine explanations of coming profitability. Its Alz drug failed so they write off 60MM and stop throwing good money after bad. The stock recovered premarket losses on this and an analyst upgrade. I ended up shorting the stock at decent levels. After a lot of trading round and round, mid 45s that is. One risk: Aquisition by a friendly pharma company...

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