I'm of the opinion that today's price action in SNSS will determine what September will bring to this stock. September has not been known to be a good month as far as stocks are concerned, and volatility is the month's mantra.
I expect SNSS to break the $5.00 level today setting the stage for an upward trend in the month of September. I would not be surprised if management came out with some sort of PR today. It would be nice to hear management notify us that Phase 111 Vosaroxin has achieved full enrollment.
Time will tell. I'm on the positive side of the equation and my glass is half full (my pockets too).
How so? Friday before a three day Holiday. Lower volume overall and higher volatility? Not knowing what turmoil may lie ahead over the weekend. All and all those alone shouldn't be indicators of what this stock will do in September because of today's price action.