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Antares Pharma Inc. Message Board

  • tappyt1 tappyt1 Feb 20, 2013 2:05 PM Flag

    technical thought and Rymankolu - please comment

    I don't use technical analysis - but I do believe (in the absence of news)
    it is a pretty decent short term predictor:

    I have come to know Rymankoly is fine interpreter of graphs, charts and
    the tools of technical analysis (in addition to a fine fundamental
    investor and an all around good guy)...

    This is for the message board and perhaps Rymankoly will post if he
    agrees or sees flaws:

    A friend here - a retired NY trader who is very sharp told me he
    shorted ATRS a little into the decline. He is now covering his shorts and
    is beginning to buy with a near term target of $3.77. If it doesn't
    break $3.77 there could be further downside pressure.
    If it breaks thru that number it will have a lot further to run on the
    upside.
    I have opinion on this - other than to say that if news is the fuel that
    will power us past this (seemingly important to him, at least) $3.77 -
    we should get it with the Otrexup acceptance, the conference call,
    and maybe a pleasant surprise or two.

    GOOD LUCK

    Sentiment: Strong Buy

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