More of a gamble than anything but it sure looks like a stop loss take out to me, than anything else. Especially given that ALIM hasnt really moved. We'll see what happens:) What kind of price are you guys looking for with approval?
We could see a couple bucks up if positive.
Kinda what I was thinking. 6ish or so.. This really doesnt look like a leak to me. Volume is not that high at all, especially when you take out that big sell.. And ALIM is down on very low volume..
I am also not very impressed with the short count in PSDV. Seems like usually when a bio does not get approval it almost always has a huge short going against it.