Firstly as of today OMER is trading at $4.80 hitting a low of $4.77 which is 20 cents lower than the projected low of $5.00.
As of 3/15/2011 there was short interest of 805,854 shares that is 12.6 days to cover on avg daily volume. I truly believe this stock is ripe for a spike to around $6.00 level.
After the bashing it got last week and no spike yet this week. I feel for small investors this is the perfect buy as there is only 18.2 million shares a float and if any institution starts to buy at this price level or any good news you will see a sudden spike in price.
People do check out the OMER website www.omeros.com they have a lot of stuff in the pipeline, any good news is going to take this stock up.