With almost 10% of the float already traded, the stock should be up 10-15 points.There is no doubt in my mind this is a temporary top, and will give back most of it back on Monday.Those who bought early have almost doubled their money, and are happy to relinquish it to the novices that don't want a stock near a bottom but love it at a top.I agree that later, with the FDA approval (which looks like a certainty) the stock will then resume climbing.
Looks like I may have been right.
I look for the vol to increase still going into the COD and highs to be tested if not surpassed.
IMHO look for most of this gain to hold
Someone who actually gets it
and that's working out for ya is it.Think you're on the wrong side of this play
When a stock is up on 8-10 times the average daily volume, I agree that 90% of the time it is a temporary top.