1) Short Interest 8/14/09 4,727,910 shares, the Total number of the shares(The Float=30,250,000)
2) Pending News from USA, Asia, EUA
3) Schools opening after Labor Day
4) From Biocryst:::::Emergency use IND information for US health care providers
Intravenous peramivir is available within the US through an emergency use investigational new drug process (EIND) for eligible patients with influenza requiring hospitalization. For more information on the EIND application process follow this link:
From a chart perspective we have support at 10.75-$10.95, on the closing price.
From 7/31/09-8/21/09, we essentially were in a consolidation phase trading between 9.24-10.09, the following Monday, (also the expiration for options expired on 8/21/09), then a new 52 week high achieved on big volume.
Couple that with the short interest, we have created GREAT support, the down side risk is 10-15%, if it breaks July August support, Im gone, when it hits $15, next 30 days I'll sell a little