I just bought some
Sentiment: Strong Buy
what just happened is that market speculators (including hedge funds) have seen the signal given by Hobbs and Terrapin Opportunity LP that the run-up has officially started.
I thought it was the huge ATM that was depressing the share price. It turns out it was this equity line PIPE financing deal.
ATM, Terrapin, Cowen... all together now...
What's you guess on the ATM exercise date(s)?
Will move up fast next week as people take new positions for new quarter.
this isn't too surprising. We'll be seeing some nice jumps just prior to the adcom. Fingers crossed this baby will run subsequently into June's pdufa
Nice volume too, could just be some short covering ahead of the panel. We'll see. Possibly some bio-runup news letter may have given it a mention as well.
nice jump!!!... :)