the fact that this stock is trading lock step with the market tells me that the market does not believe it has a near term catalyst. Filing an aezs 130 IND as expected just may not cause a huge pop unless results exceed expectations, in some way, like if the safety profile implies off label application or more rapid cachexia development. I over estimated this stocks ability to lean against the market considerint the expected news to date.
Take a look at ZLCS, YMI, BPAX, VICL... all as of this moment down far more than AEZS and KERX today. The fact that AEZS is moving with the market suggests manipulation and great interest; any upside decoupling could cause a nice upwards revaluation IMO. Market has yet to give this stock cred.... we're only down at this level due to a technical break of that very strong daily chart trendline we had... sometimes a strength can be a weakness in effect. LONG AEZS