Think $7.60 will hold and then bounce. Keep eye on INSM - new 52 wk highs - breakout last 2 days.Upcoming phase 3 data in July for Cystic Fibrosis pulmonary infections - Vrtx spiked up over $5B im mkt cap on their phase 2 CF data. INSM data looks more impressive. Plus they will be added to Russell Index in mid June (Index funds need to buy over 3 million shares bfore then...). Look for this to start taking off soon....=)
I think most will stick around too. Even Af's article trying to knock down the stock today wasn't all that convincing. There was a lot of positive data that he just couldn't argue against and didn't appear to try to. As for me I noticed the weakness in the stock yesterday from its runnup the past two days so I sold at 8.25. So there is probably that AND the AF article AND some profit taking AND people waiting to see what the FDA documents on Tuesday are going to look like. As for me I'll be back in maybe at the end of the day or tomorrow or maybe just wait until sometime next Wednesday, but I WILL be in for the ADCOM!!!.