premise: "If the result would have been negative, <hypo>," said Paul Latta, an analyst with McAdams Wright Ragen, who rates the stock "hold." "It was kind of a roulette type of game here -- all or none." Merriman Curhan Ford analyst Joe Pantginis, one of two analysts who had a "sell" rating on Dendreon shares, admitted to getting it wrong.
hypothesis: <hypo> should be "(the share price) probably would have dropped down to cash value, which is about $1 a share"