Yes,we just need to get rid of the guy's happy with the 8% from yesterday and then onward and upward from here!
I know the stock was trading higher than $2.39 in the days leading up to the gap up on 12/13/13, that's why I stated that the gap was filled.
I also could tell that the MM was not happy when I jumped in yesterday with both feet. The order got filled and then the trading screen froze for over 12 minutes. He tried to get me to sell to his buddies, closing down a couple penny's, but I'm certainly glad I held.
Hopefully this is just the beginning of the upward trend! GLTA
This is bio tech, it all depends on the studies. If the results are good and FDA approved it hits $40, not $4. If results are not good, it goes down hard. Right now there's no pending news, so a good time for shorts to push it downward.
This increase is as expected because funds in the Russell 2000 & 3000 must own the stock now as part of the indices.
I agree, especially with 9 million shares trading yesterday. I was just waiting for a sign that a reversal was forming. Charts looks good from here up to $5+
Thanks for the thumbs down, I'm simply pointing out the facts:
The Russell index reconstitution is typically scheduled for after the market closing on the last Friday in June. The graphic below shows the 2014 reconstitution schedule with the final membership lists being published on June 30.
For those who think we are heading downward, you must not fully understand the significance of the stock being added to the Russell 2000 & Russell 3000. Funds are going to be forced to purchase this stock now!
I bet it doesn't get under $4.15 - let's see who's correct!