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Discovery Laboratories Inc. Message Board

  • wall.stguy wall.stguy Apr 16, 2009 11:47 AM Flag

    Very Smart Traders: Still No Indicator

    Today is the result of very smart institutional traders. Knowing today's price is as high as DSCO will be before approval, these traders are playing safe and selling. They bought at .80-1.20 and do not need to hit a home run; they made their profit. Other traders knowing this also sold in order to trigger all of the Stop Orders made in case the there is no approval, sinking DSCO even lower so that they could accumulate even more when everyone else in in a panic. This is no indication for approval, just a way to make money, and they did. If you are going to put in a stop order, tomorrow morning is the time to do it. As far as the ones who did already and sold, you lost out on the coming approval.

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