I'd say this price action means exactly the same thing the previous low volume up/down waves have meant for long term investors: absolutely nothing. It's day traders playing the cycles, thereby amplifying the cycles, just as it has been for years and years. And, as always, year after year,, you were revved up like a golden retriever about to get walked at the peek, and then bitterly dejected on the trough. The emotional intelligence and memory of a weather vane.
Some of the recent rise was due to actual news - the DE Judge's positive opinion about the appeal. And some of it stuck. We certainly seem to have escaped the $2.50 level. But SIGA's stock price swinging? Geez, what a huge mysterious surprise!
And people call ME know repetitive?!? Wow. All this guy ever does is claim "this price decline means nothing". For three years now he's been claiming he's in this stock for the long term of two years! And she says that at least every six months!
I see the double balloon and falling sycamore leaf phenomenon taking place. Definitely a good time to pontificate. If the reverse shadow would move right then left it would be a definite negative followed by 2 positives. If someone with better insight to those indicators can comment then all would benefit, but maybe not. I have to give it a steady as she goes to the upside down option.