I think the stock goes up and could go significantly higher if it catches the day trading crowd of course this will also attract the short sellers so this is to be expected.. The opening buying today was based on the presentation in Europe so I assume some new or exceptional data was presented or there was some discussion that is material to Oxigene.. The potential is for an OXBT type move although I would not trade on that assumption.. Potential target perhaps $6 , By the 11/12 could go higher it will depend on how many day traders, shorters and real investors there are... It could be a good trading vehicle and longer term play as well .. Huge increases in average volume always lead to higher prices .. I was in OXBT in the $3 area and it was violent.. .30 cent or 10% moves quickly both directions..
yeah, I sold my 10K shares of oxbt bought at 3.34 and sold at 5.07, #$%$. Pretty aggrivated about it. oh well. I think we see a late day rally once the pvt guys cover open market and don't need to use their warrant or placement conversion shares to cover their hedge because the market got scared. we will see. watching.