Re: Already over a $1.00 swing!
The momentum guys definitely got out hoping for some big news in the quarter. Why would they be surprised though? Everyone can see the strategy ARNA has with their cash pile and a very profitable asset still wholly owned. Like TBA said no reason to partner now this close to P3 data. For the love of god I hope Amit has the stones to sit on what he has and stay independent until our P3 readouts. He could also be posturing not to even waste their time with any low ball offers/bids, I know I would be.
I'd bet we trade sideways for awhile again. Accumulation mode engage.