I saw it as important that after SUPG broke under 5.00 that it made another move above and held. If SUPG is going to give us some news for our Christmas gift it will happen today/tomorrow. IMO the news hanging out there, has probably something to do with JNJ plans on Dacogen. Think it's important to monitor MGI news...since they nicely choose to leave SUPG name of this news on Dacogen. If MGI has plans to buy SUPG, I believe would be shortly after approval of Dacogen in EU. Mgi probably receives a very low percentage of sales outside U.S., so depending on their long term picture on growth of this drug, this would be the correct time to retain as much of the revenue's. I prefer not to see a buyout this soon, but this is when SUPG will be vunerable.
He said it trades under 5 and crawls back up again today. The last time it did this it broke out to new highs....shakes out all the scardy cats and the remaining will not let go. We had two 1m share days and then a quiet period...someone knows something good here and piled in early, knowing news coming soon. JMO.