You should buy around this level. 3 month chart looks good. I don't know what indicators you are seeing that says "sell". I know you want to buy low $6's.
The news yesterday was actually good following the news out of the EU. SNTS submitted info to update the application regarding data related to manufacturing GLP (they had the data to submit, so that is a plus). Labeling should be ready on December 12th if no deficiencies in the NDA application are noted (before PDUFA of Jan 16). SNTS plans to launch on time (1st q. 2013), with update of approx. 2 months following obtaining the label (Scheduled for Dec. 12th). So the 505B2 application is still on track with launch scheduled for around Feb 12, 2013. This is still a big deal to obtain potential marketing approval of Uceris within the next 5 months. Think about it, and Rhuconest trial is nearly completed. The two events are very BIG near-term catalyst for SNTS.
Note - Allowing receipt of labeling before PDUFA date is very bullish for approval. JMO - I haven't seen this before. Has anyone else ever heard of such an arrangement?