Maybe I don't have all of the facts but something sure doesn't look right. On March 13 the Perseus-Soros Biopharmaceutical Fund sold it's entire stake in ARXT. On Friday the stock dropped 9.45 points after the company issued it's outlook for 2007. By getting out of the stock the fund avoided a $16 million dollar hit. http://www.nypost.com/seven/03152007/business/mucinex_is_hit_by_soros_business_zachery_kouwe.htm http://www.marketwatch.com/news/sto...D9-44FB-A751-D4040CB2B420}&dist=TQP_Mod_mktwN What do you think?
I got whacked by the friggin news.....Naz is an inferior model and more investors get screwed over by their seat of the pants approach to the markets. Let the stock tank 18 points on 500k shares, then arbitrarily choose 27.08 as a bust price.....30% below the price prior to the event. Google was a 10% bust, how the hell can anyone handicap and trade nasdaq with their arbitrary calls like this! NASDAQ you guys suck...and the Hybrid will prove superior!
Of course Soros knew more than the public. Why do people reading boilerplate stories on MarketWatch... Think that they can compete with Soros?