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%.


sgp.jpg


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.






Comments

Good trade. Personally, as ... (Below threshold)

April 25, 2008 4:07 AM | Posted by Ronnie: | Reply

Good trade. Personally, as much as I enjoy reading articles posted by obviously very smart docs, only threat of imminent death will take me to one of them these days.

Vote up Vote down Report this comment Score: 0 (0 votes cast)
Well done!Sure makes... (Below threshold)

April 25, 2008 3:11 PM | Posted by Row1: | Reply

Well done!
Sure makes the point about the predictability of spin in these pharma studies.

Vote up Vote down Report this comment Score: 0 (0 votes cast)