............the value of the partnership is not fully in the stock price yet. There is a big player accumulating no doubt. Will the stock trade back towards $4.50?? most likely. But, NBIX will be building a base for the next leg up......the partnership deal........$7/$8 PT
Shorting is the riskier trade at this time. But to go long I have to see how $5 fares...it will be stuck here for a while if it holds. If it doesnt hold, some quick money can be made shorting it for a day or two when it crumbles down to the low 4s. What is driving this right now is speculation about the conference, its mention in a Motley Fool article, the fact that it did hold $4 nicely, and the remaining shorts who were forced to cover. I am not convinced it will hold $5 but there is no obvious short here. Sometimes it is better to wait.