Management is conducting an investment roadshow around the country. Today's volume reflects new institutional buying, thus stronger support. Meanwhile, the clinical data look very good and adoptoion is rising. The next 6 months should be positive.
[Today's volume reflects new institutional buying, thus stronger support.]
Not hardly. It represents public speculation in anticipation of fund manager buying in a bullish maket. There's also an element of speculative buying to chip off nickels from underwriter stabilization. The underwriters can't let this dump before they hawk their assignment so they've probably told their traders to "buy some for the house".
Meanwhile, back at the ranch, there's a lot of guyz on the whisper circuit who are hitting the bid relentlessly. Must be there's some strong hands underneath who gamble for the long term to absorb all that paper.