shorts are once again playing SGEN. maybe they believe there's nothing iminent to be released by the company to push shares higher, so they are comfortable once again to sell short. oer perhaps the MMs are manipulating the shares just to take out stop loss orders. long-term all this BS makes no difference.
I'm still on the sideline. It's tempting here but well above my target. Also today, even with the S&P gain, my trend indicator signaled a market reversal (SAR at 1687 ABOVE the current 1640). My S&P target now is 1400. SGEN may buck an overall down trend or I could just be totally wrong but I'm giving in to my fear here and raising a lot of cash.
Good luck to you all. SGEN is one of my favorite stocks.