Is this the real deal? Who knows here? Nobody. However, if you have been following the advice of a few here and established a good core position at a low ACB, and traded on the pattern, I would stick with this disciplined approach. That means, now, you are into cash on the trade side, and long a core position. Maybe the range ticks up a notch. We shall see. But without news, and May swoon just around the corner, cash may be king for trading account. Nothing stopping new folks from establishing a core position, or trading as they see it, but I have seen this gyrate within the ranges and am happy to watch now and see if my core holdings increase in value or once again retrace the bump. Other than some terrible news, which appears highly unlikely, this is a winner for me, and I see, as stated previously the most likely outcome here, huge multi dollar run up, and either a takeover bid above $12 or this going to $30 to $50 within a couple of years. In the meantime all kinds of manipulations, attempts by shorts to get folks to sell and the emotional babbling of those on the wrong side of which ever way its going at the moment. Its a buy for investors, because the reward potential here FAR outweighs the risks at this juncture. IMO
Oncologists have been getting very encouraging updates from EXEL about the prostate cancer data. I have been surprised that there are no articles from yahoo contributors. Maybe finally coming out. I have been in since July. Good news will finally explode this stock.