Sometimes it seems so easy. Company X does the same thing as Company Y – and X’s market cap is a small fraction of Y’s. It’s just a matter of time before the market wakes up, collapses the spread, and rewards the smart people who figured it out early and put on the right trade.
Long X + short Y. How could it not work?
I can think of a few ways…
1) Biotech stocks are not savings bonds.
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