To all those sellers today. Did you think that ACAD was actually going to post a profit yesterday? Not happy with a reduced loss? Not encouraged by the fact that they will have headline data for a phase II trial within 4 months? Discouraged that ACAD has $3 a share in cash?
If this stock trades any less shares they will delist it for not trading. Usually when this happens it means that we have run out of sellers and only a few people with a few share sell and this take us down. But on any buying we will be okay.
The Vol. is nearly 200,000 less than average and it seem like people are just waiting for news. If it was bad they could push it down but that doesn't seem to be happenning. I guess we will have to wait and see but if Vol. picks up on the up side we will be ready for a move.