Shorts knows that something is on its way, they are unsure of what. Watching how quickly they cover at every tick. Market maker holding at below $6.50 . When she breaks, they are looking for $7.95. Have you noiticed their ask this morning. Well, to say that they are nervous for an untrolable breakout. Watch the ticks and you will see how quickly they short down below. $6.50 and how quickly they cover back up to $6.49.
Yahoo sems to havelost my last reply so I'll try again.
Originally earnings were scheduled to be released Feb 23, but I believe that EXEL must have some material news regarding the ODAC meeting on Xgeva so they have moved the ER up to tomorrow. Traders do seem to be nervous but we haven't had enough volume to convince me that the news will be earthshaking.
Ever wonder why Market Maker keeping below $6.50. No big Volume, as soon as it starts getting up on Volume, watch it move up. What traders have failed to see is that EXEL has been the lagger of all Bio's. This recent run had many selling last week when it $6.57. The problem is that EXEL have so much room to run while SHORTS will get trampled with a partnership of other finances. They would miss a nice run to $10.00 nearterm. Have you noticed the Message board Analysist is absent since he sold. He knows that he will miss a nice run again. Right now he is just watching until EXEL goes down so he can come out and brag about his TA. What a dunce?
Stay long here is the option, EXEL is doing fine with all its results, infact EXEL results have consistently came in above as of late.
Watch as many who sold will jump back in pushing shorts to the limit. Its written, and will be done. EXEL is too cheap as we speak.