Let me say that yesterdays spike in my opinion was nothing more than follow through. As the market churned higher over the last couple of weeks, DARA remained steady as we've all seen. I warned that MM couldn't hold her back much longer as his ammo is running low. The leash comes off and the big dog starts to run, this was easy to predict and I almost pegged it to the hour.. Anyway everyone is interested in whats next? Well so am I and I will venture to guess that its more of the same. I predict that we'll continue to churn higher based on four pieces of upcoming news.
1) Earnings release
2) News of Insiders increasing their positions
4) Patent grant on reformulation of KRN5500
Next stop in my opinion is a re-trace to test $1.20, thus I don't feel that we'll hang around $1.09 very long and I am betting that we move up today and perhaps close at the high of the day because and I have said it in the last three week-end...No one should be short over a week-end as most news relative to partnerships and M&A activity is released over a week-end. Okay kiddies that is my 2 cents for the day so let's see how its played out. Oh and someone please put a leash on that moron Mameen or what the hell ever his moniker is...GLTA
Great post and as for the leash for Mameen...I found it. Put your cursor on Mameens name and a little flag button will appear and behind that is where the ignore button is hid. Finally starting to figure out the new format. LOL Anyway the ignore button makes an excellent leash! GLTA
Kam that relentless pressure will have to give way to covering when she moves up, and with the amount of short interest I predict 6 - 8 days to cover and this could create some impressive moves higher as this activity begins.
Anyones guess I am afraid. We'll have to re-trace to $1.20 and break that wall before the next leg up can continue, so that hurdle must be overcome. If news hits the wire and depending on source of news this LiL gem can run and run, so I won't even venture a guess as to how high as we could move in multiples of dimes or dollars depending on the news.