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InterMune, Inc. Message Board

  • greg_m_thornton greg_m_thornton May 3, 2010 6:36 PM Flag

    ITMN will jump to $50 on approval

    If ITMN gets approval look for it to jump to around $50 a share tomorrow. Not as big as some people think because a lot of folks will sell the news and lock in the profit.

    After today's huge 13% jump it may trade down tomorrow morning to around $44 a share before the FDA announcement as many will get nervous and sell before the announcement. When the announcement comes later in the day my guess is that ITMN gets the approval as expected and it pops back up to around $50 a share. Expect a very volatile day tomorrow. First down $45 or less a share and then up to over $50 a share (when approval first announced) and then back down a bit to $50 a share by end of day. If you are a good day trader you could make a fortune and the down and up and back down volatility tomorrow.

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