Achillion Pharmaceuticals, Inc. has a weird price history relative to news reports. The price seems to drop every time there is good news. Friday’s drop coincided with the release of a detailed pipeline report. Since the report is only available for a fee, the cheap in me will never know what it says. My assumption is that if it is truly negative enough to drop the price significantly, a public company would have had to announce the details already. However, I am also a cynic, so I am taking the following tact:
Today’s price is 1.30. The 52 week low is 0.65. So I set a limit buy for 0.80 and an alert for 0.99.