You heard it wrong. Wall Street says open 10 cents higher!
And sure enough...opened at 4 and change, and will probably close at 4 and change.
All I can say is WOW! The buzz at the conference regarding BIODEL is incredible.
my sources telling me that numerous big pharma representatives are discussing with Biodel. Can we have a deal closed over the weekend? of-course.
yeah, I heard that too. did you hear the second part though? "Open at 10, close at 20". So I guess it is still a buy on the open for an easy double the same day.
of-course if there is any surprise partnership news on monday pre-market this could go to 20 next week. imho. the ride from 26 to 4 made lot of shorts rich. time to squeeze em.