There was no leak. It is the usual holiday increase for stocks with a high short ratio which this one does - appox 25%. The shorts come from the hedgies -- professionals. The professional usually take off since the market does nothing.
since there is no short pressure the price generally rises. Then they come back and start again. You can see this on highly shorted stocks for thanksgiving, before christmas and new years, memorial day, labor day.
some people actually trade the stocks this way before the holidays -- buy the friday before sell the next friday.
I am not expecting any earth shattering news anytime soon. The company has a very large upside from here and one never knows when news will come. It is fairly valued on potential at 10 bucks and should continue to rise the closer they get. Some news on ACRX-04 will spike, any partnering will spike. These spikes are great but the big spike on Zalviso approval is coming. And of course a buyout could occur. I see no reason to worry. Yeah it could drop 10% some bad day, but I only see that as an opportunity to buy more. If I was to trade some out before that and get lucky then great. Short it all you want I hope you make some money. However I do see the likelihood of positive news increasing every day the closer one gets to approval.
I agree. Not expecting any news. Is there ever any news announced at these conferences? However, we may get some clues as to how close they are to partnership/buyout, and if they have a date set for their FDA meeting on 04.
Oh, the contents of that Confidential Treatment Order won't stay sealed Forever, it's either a Buyout or significant Partnership...... Based on an analysis of several CTOs placed by other Bios this past year, the contents of the CTO should be released before December 20th, good luck to all.....