Some may suspect that we are going higher due to leak of CHMP news. This could be the case, however I am leaning toward the AACE guidelines. I think the positive talk on obesity techniques spooked a little bit of a short covering. Some day traders probably locked on some profit since we have seen a pull back from highes today. Hopefully this is the start of shorts removing their position and pulling buyers from the sideline. I say we close around 8.30 but who knows. I don't think we see 7s again unless negative news from CHMP. I don't expect DEA to be a big mover but the jury is still out.
Very good news in those guidelines I think and shorts know it! This ride is just getting started!!! See u longs at $30 or whenever u decide to sell... Everything is obviously my option.
Last time we EU CHMP didn't render a decision after we were on PRAC agenda, ARNA issued a pr the following trading day re: LOI. Absence of any news tomorrow and I suspect we get a 2nd LOI and ARNA may issue another pr on monday which can result in another 10% decline. IMHO.
I guess we will see what tomorrow brings. So far my prediction of 8.30 ish is holding...not like it means much but nice to see green today. I picked up another 2k of shares today after that article. We should see more insurance companies come aboard this yr. IMO
Your option... I thought you had a God complex going on for a minute. Lol.
I think the CBOE being closed all morning raise option prices a bit, causing it far more expensive to create synthetic long positions to short off of. So it was long only all morning. The shorts are coming back in, in droves.