Normally, when a small biotech shoots up like this, on no news, that means big news ahead. I can only assume one of its several catalysts is moving forward, or buyout rumors are true. Either way, this could easily double at this level. Notice why the short float is under .002 percent-- the smart money realizes it would not take much for this to double, as it has 3 great catalysts and only a 50 million market cap-- this is one to hold.
I think we some some day traders shorting this right now trying to make a few pennies, I'm going to laugh if they wake up tomorrow and this is trading $5+. This is not the kind of stock that gets pumped and dumped, PSDV has 3 nice catalysts, and potential buyout is realistic (PFE could very well want to own it). Should be fun to watch in coming weeks-- I have the feeling something is up, as everything comes to head in 2013. I don't even have a sell limit order in, because it is hard to know exactly how high it could go? $3, $5, or higher still? I think even $10 is possible, but probably not until after the trials are successful.
in the past, it has shot up and back down quickly, but this time may very well be different, as European launch is near, and the co. is also futher along with their business here in United Stated. It is a very well ran company, good management, not a pump and dump. PFE is a big owner and partner, they have low float. This time the pop came after a nice 6 week run on good volume.I think today the sp will hold up well and if it can close over 2,15, or actually just over $2, will be a significant day. However, there may very well be some news brewing, the volume is sky high for PSDV. It could make another good run up to $3 range before close if volume can continue.