By December HALO will be trading at $13.40 (which would be a year 5yr HIGH)...it WILL Hit 10% gain for today...and up 8.42% as I type....there is still plenty of ROI still to come! BY NOW Thank Me Later!
Sorry GUY....short covering was not the RUN UP. I'm sure there may have a bump for those who did cover shorts, but there wasn't that much covering needed. the oustanding short shares weren't as many as your stmnt would leave people to believe. that said the 10mill. pymnt was the catalyst, and the phase data coming to market. the 10mill $ payment even though it was expected, it proof that thr Roche relationship is (proof) in proving it's intention. finally, the pymnt reassures the product and roche in in-it to-win-it. So...buyers stepped in, and sure shorts covered, but they covered throughtout the days pullback, and this morning. this company is a great longer term play. short term through 2013 is a HOLD at this point or accum'late if you're long term. My 10yr brokerage career experience says, Sell the Dec. 13 or 14 $ calls agaisnt long positions, collect yourself some extra money, and watch 2014! Should be a good year. My technical analysis confirms my call strategy, and confirms the uptrend we're going to see (with a rising support level over $9. Buy on the pullbacks down to $8.55 - which maynot happen, so chose on your own when to buy. 2014, $13 and higher should be sustainable, unless phase data truely sux. GTLAL