There obviously is a significant institutional participation today. You don't get over a million shares on a down market day without them. The strong upside indicates someone(s) have either knowledge or strong suspects that a market moving information is in the works. I suspect the PILLAR II study will go a long way to making the PINPOINT the standard of care in one or more surgeries, forcing many hospitals to adopt this technology.
Does anyone else either have another idea or evidence that would confirm or support this hypothesis?
I also suspect word has leaked out about the Pilar study. I know Arum stated at a recent investor conference that it would be published in 8 weeks OR LESS. Maybe he was playing it very close to the chest it will be published in a February issue that will be released shortly. One other possibility. 4th quarter earnings are to be released on the 6th of February. We all know that successfully implementing the marketing effort is the only meaningful risk currently for the company. Maybe word has leaked out that Pinpoint sales accounted for much more of sales then forecast. As with Vonpezel I remain hopeful that the full Pilar study shows zero leaks. The impact of that would be dramatic creating an ethical issues of whether a phase III is necessary to obtain standard of care desigination.
Anderson, when it comes to the Pillar study, we're hoping for zero leaks!
Hopefully they'll be none,,,time will tell. Fidelity tells me that there were only 6 large blocks traded today, totaling only 83K ...yet someone was buying, to be sure.
Always appreciate your knowledgeable insights.