Today I was surprised to see we got whacked a dime, after the nice recovery yesterday. Wonder if the shorts came out today in force? Another buying opportunity for those new investors to get involved ahead of the run-up into PDUFA.
perhaps profit taking from short term traders ( we did jump from 4.08 to 4.4) and some longer term holders who didn't get out yet get out after scare from yesterday..low volume so it was easy to bring it down a dime..
lets see what happens w.rest of week.. need to hold mid 4.20s...
and earnings in 2 weeks, so we may not see much upward move, w.o. material news.