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SciClone Pharmaceuticals, Inc. Message Board

  • BioTrekkie BioTrekkie Mar 6, 2002 2:22 PM Flag

    Interesting

    This huge runup then partial pullback is exactly what SCLN did yesterday and at the same time of day.

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    • Yesterday, we closed near the high as shorts were too nervous to be left hanging and had to buy out their positions at the close, thereby fueling the price higher.

      With tomorrow's conference looming on them, I suspect the shorts are even in a worse position today. If they don't get out they run the risk of substantially higher levels tomorrow, particularly if Don uses the conference as SciClone's coming out party.

      If we see the upticks and good volume starting about 20 minutes prior to close, look for a new intraday high as the shorts will be heading for the exits.

      I wouldn't sleep very well tonight if I were short overnight on this rocket ship.

 
SCLN
6.42+0.06(+0.94%)12:59 PMEDT

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