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The government has shown a tendency to selectively pursue pharmaceutical companies when there is public outrage, most recently with Shkreli and Mylan. Selling
by kauffj 10y ago
The government has shown a tendency to selectively pursue pharmaceutical companies when there is public outrage, most recently with Shkreli and Mylan.
Selling the stock isn't done to punish the company, it's a reaction to the fear this will happen to Ariad as well.
- goodcanadian 10y agoThe thought had occurred to me, and perhaps, you are right. However, 15% is a pretty large speculative jump based on one little tweet. I admit that I do tend to take a longer view of these things than the typical trader (and frankly, I would never have owned this stock in the first place).