I love this pullback. The shorts now have an opportunity to decide how long they want to wait to close their position. Are they really going to wait until 2011?, or worse wait until a ROW partnership is announced and get squeezed like never before, or are they going to move their money on to something more lucrative?
Can you imagine the shorts telling their grandchildren that they bet the wrong way on a ground breaking cancer treatment, waited for a year and then lost their shirts?
This pullback presents an opportunity for them. Sometimes you just have to hold your nose and move forward to a winning position.