This stock only moved up by .01 on Friday on three times it's average daily volume. This indicates that many are now unloading this stock and taking their profits. It could be a brief pause before heading much higher. Then again, why are so many now dumping it? SS
It's quite simple. Many times the company has disappointed it's investors in the past. The stock has gone up only to go down again and especially without any news, there are those who think the stock price will tank again. However, new institutional investors lately make that scenario unlikely. In this environment, institutions are very careful to throw out money so easily. Factory seems ready to open for business for both other pharmas and for the company's cancer drug, and work on the Swine Flu seems to be going someplace, at least according to the CEO. He himself is extremely confident of the eventual success of the company's cancer drug and also its Swine Flu "vaccine". Things seem to be falling into place for the company, finally. So those who made 50% and sold out...good for them. Those who did not sell and see things the way I do, I hope it turns out to be what appears to be happening, a company on its way to a big success. There might be a buy out at a much higher price...might. There just seems to be many things happening at the right time to sell this stock now, but making 50% is nothing to laugh at.