Usually I would agree with you. But this one has a FDA pending and started from low, I think the run up has legs. I got in at $3.60 and add more today when it dipped under $4.00. You will have to be very luck to get under $3.70s.
This stock has characteristics of those I've done well with and others that I've been burned by. Can't bring myself to pull the trigger right now.
The Seeking Alpha articles were very much designed to draw attention to the stock. They all had mentions of other stocks that had enormous volume in the previous few days. Followers of those stocks followed the news and got the pump. That looks like a very easy and legal hedge fund manipulation (not saying it was, just that it would be).
On the other hand, it's hard to argue with the insider purchases.
I think I need to do some DD on this before I pull a trigger, but that's going to have to wait until I have time. Very busy over the next couple of weeks.
fds, I was watching HZNP since you guys tipped about it on AFFY board. I like it , but still didn't pull the trigger. I wish I can buy it at $3.70. Based on 3month charts I should have this opportunity.
Still, why HZNP traded on a huge volume yesterday?