April 24, 2008
Update on Schering Plough
It started with the Vytorin study, and my belief that doctors purposely misstated the results in order to support/portray an anti-Pharma bias. The stock tanked, but I predicted that eventually reality would set in, and so the American College of Cardiology was giving me the opportunity to make 20%.
Technically, it was only 18%, but I'll take it. Sold today. Likely goes to 20, but I only bought it to prove a point: doctors, especially in committees, cannot be trusted with their own data, and politics always wins over science. I was able to make money on the politics, but what about the patients who are pawns in this game, who think they're getting "evidence based" care?
Good luck, everyone. You'll need it.
Technically, it was only 18%, but I'll take it. Sold today. Likely goes to 20, but I only bought it to prove a point: doctors, especially in committees, cannot be trusted with their own data, and politics always wins over science. I was able to make money on the politics, but what about the patients who are pawns in this game, who think they're getting "evidence based" care?
Good luck, everyone. You'll need it.
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