Orexigen (OREX) - fat profit for short sellers (30% gain in 48 hrs)

BEFORE - $12.42 (shown in 'after hours' price)

AFTER - 30% drop in 2 days (profit for short sellers)

Once again, short selling pays.  Orexigen has shed 30% of its post-advisory meeting peak value, $12.42, in just 2 days.  This is mainly the result of a correction to the post-advisory meeting hype, which is observed almost always shortly after a huge catalyst passes.

OREX was recommended as a target for short selling 2 days ago.