I'll say it again; investors yawned at the news last week, and again today. That doesn't mean the news isn't good, it is, but it will take more time to explore what's happening clinically with Imetelstat to yield those results. Let's not forget too that there were reportedly a heck of a lot of January calls purchased at a strike price of $2.50 - a less risky bet perhaps, but also one that anticipates a run up in the near term.
They moved out from ACTC and bought GERN yesterday and profted handsomely by selling those above ~ $1.35 and now are buying back ACTC!! Easy money!!! America is just beautiful isn't it? Because it lets them keep such gains by taxing that income at the lowest rate while other "stupid" Americans earning their living through hard work and sweating and pay much higher taxes, including their social security tax. These "stupid" Americans get up early and crank up their rusty old Chevies while these traders, still in bed, use few strokes on the key pad to make much more than those "stupid" Americans and will roam on pleasure trips in their Mercedes.
Thanks to our money-hungry politicians, they will let me do that! Of course, I will throw some money to reelect them!!