Need some European update to move this. This tight trading range is like watching paint dry. The swings from 1.19 to 1.30ish could be a good trade but this thing is stuck. Although it is accumulation IMO which is always a positive.
I been trying to find any news all day. I am expenting some news shortly after the new year. I doubt much got done with Christmas and now New Years in regards to EU. I found on the corporate website that they will be trying to setup a meeting with the FDA: "The Company will be requesting a meeting with the FDA to clarify next steps."
I cant find out if this meeting has taken place yet. I don't think it is dead in the US either. There are procedures to follow, and as with most things in life, these procedures ALWAYS take longer than expected.
Im sure we will move higher shortly. I am long ALIM!!!