institutional holdings increased more than 30 milion shares, most 30/6/2013
institutional holdings decreased or sold-out - near 6 milion shares, most 30/6/2013
=institutions buying like crazy on lows. Not only insiders. Some institutions sold 6 mil., another 24 mil. must sold retail. Then retail buy some on 7 and now they bleeding again.
Other things doesn´t change – primary completion of ENCHANT in september, insiders doesn´t sell, breast cancer is much bigger play than lung cancer and many eyes now watching SYNTA. This is great for normal investors and trading between 5-7 in next few weeks is not trouble.
But July 29 margin buyers will suffer, shorters will cover and investors buy more, expecting september news.