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Santarus, AŞ Message Board

  • thezymeister thezymeister Oct 27, 2013 3:03 PM Flag

    Joined the Party

    I went long Monday, October 21, @ $23.43, after having noticed SNTS closed above its 50-day MA with good volume on Friday, October 18, and after conducting further research last weekend. Weekly price-and-volume action suggests that SNTS is building a second-stage base. That won't be obvious to many until the stock takes out $28.10, after which everyone will want to pile on. The most recent IBD (dated 10/28) says SNTS gets a "C" rating for "accumulation/distribution", and I believe institutional investors continue to nibble here and there without drawing attention to themselves. Did anyone else notice the three blocks of 10,000+ shares which exchanged hands in the last 5 minutes of action on Friday, October 25? Those ain't Mom-and-Pop investors looking to put cash to work. Awaiting positive news on the upcoming CC.

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