A bit of an "oumph" to finish off the day. In the last 5 minutes of the session, the pps went up $0.07 on volume of 321,000. People will go home, do some DD tonight, and come back to buy some more in the morning. The only short-term bear case I've seen presented by anyone so far is "what goes up must come down." Tell that to people who were short KERX after day run of its run in late January. It had the following closes:
Friday, 1/25 - $3.43
Monday, 1/28 - $6.06
Tuesday, 1/29 - $8.36
Wednesday, 1/30 - $8.49
Thursday, 1/31 - $9.08
The stock topped out at $9.98 on 1/31 before finally pulling back on some bad news on 2/1.
If ACAD were to follow this same pattern, the short-term peak would be $10.61. There could still be plenty of run left.
True that it went down to $6.56, but that was after bad news. And the point remains that after crashing it was still 8.25% higher than the close on the first day of the run. That would be like us getting bad news next week that causes ACAD to FALL to $8.92. If that happens, I think I'll survive.