Shorts are slowly giving up on this one and cutting their losses. We only had just over 100k shares in the first half hour on the expected short beat down of the bid (see my comments yesterday night). That is it. Sign to me that they are looking not to throw good money after bad and now in damage control mode. They will throw a defense in at 7-7.10, but if we gap, especially on Monday, they will throw in the towel.
at the Stifel Nicolaus Weisel Healthcare c.c. on the 11th(sept) ....they said posters and rehash the ongoing trials for todays 27th cc. the new , news will be end of oct presenting an update on galaxy. the run up on pps could just begin on Monday per timing. ....you know....musical chairs. last few to sit down have to pay a lot . pps is already moving up with the 50 day line last three days......probably continue until oct cc. it's always who knows what. the increase of tutes and inside buys....tells me SNTA may just have some big news for Oct.JMHO
Sentiment: Strong Buy
What "real" news is everyone expecting?
The only thing I can see really moving the stock is a partnership announcement.
Other than that we'll have to wait for more data from the ongoing trials.
Well, the news would be tomorrow.
If we get really good news and this thing opens much higher, I will watch a little bit to see what the shorts are doing, how it is trading, contact some MMs and see what the short borrowing rates are doing, etc. Then I will have to decide if the squeeze is kicking off or a defense is being put in place at a new higher level. Then I will lighten up my long position and trade around the core, or I may add to the long position.