I, too, very much appreciate your posts-the calm, level-headedness which comes through them all argues that you are the real McCoy.(My wife's theory that you are actually a very clever 13 year old girl not withstanding! *)).
I"m still trying to build my position and have an average basis of about 15 1/4. This places me in the ironic position of praying for dips. Do you think there is any justification for my gut feeling that inventory is getting tight, and that we may soon see a steady upward rise in price due to scarcity alone, and that opportunities to add at these levels may soon dissapear forever? My limit orders for 100-200 now seem to be filling in partials of 40-50 at a time. I'd prefer to take my time but ANIK seems to move quite apart from the market.
You can tell your wife that i am getting all my advice from my 16 year old greatgranddaughter..*laughing
With respect to things tightening up..I was a buyer this week and it didn't seem to take much of an order to drive the price up..I found it real hard to increase my position in any significant way without pushing the price up about 50 cents
The fact that the the imstitutions have bought up about 16 % of the stock over the last 3 months and they will be hanging on to their shares for a while plus the 40% that management and big shareholders (excluding me..*laughing) hold suggests to me that once the approval for orthovisc comes through that the price has to make a big jump..it would not surprise me to see a jump to $25 with the announcement followed by a retracement to $20 mand then a run to about $35...as I have said in my earlier posts I would expect that the European launch of orthovisc will generate a lot of buying interest from europe..especially the Germans who love American stocks
bottom line..my feeling is that we will continue to trade between the support price at $15 and the resistance price of $16 3/8 until there is an announcement..and then all hell will breakloose..when do we get the announcement??..your guess is as good as mine..so if you have cash to buy more I would buy on any dip to the low $15's and then after the announcement..fasten your seatbelt