If this breaks through 10.28, look out below.
what support, its going to cash - building loan debt plus pipeline value discount 20% = $7.55, that best case. mkts over corrects so the low could be a complete wash-out of $5.50
what support, its going to cash - building loan debt plus pipeline value discount 20% = $7.55
Cash, net building and NOL carryforward is $11. The pipeline, including indiplon, is free.
You imply that there is a support level at 10.28. This stock no longer has valid support points, it also has no valid resistance points.Until news comes out, you can expect swings, positive and negative, that have absolutely nothing to do with fundamentals.Until the FDA meeting, the only catalysts (not real catalysts) will be short covering/profit taking, momentum traders, and maybe some value investors.JMHONoBuddy