Yes, actually very simple....the stock was oversold down to crazy levels. They have several phase III drugs in the pipe line. ANTH will be well over $5 by the end of 2015.
In looking back at the trading on Wednesday, it seems that the shorts tried to bring NEON down several times with not much success. If it were not for the late day market sell off, NEON would have closed up much higher IMO. Every time the short attack and stock dump happened - the buyers came right back in. One never knows exactly if or when the shorts panic and drive the stock price thru the roof, but it could happen with this stock any day now.
Seems like this stock would go to $20.......
For the fiscal year ending September 30, 2015, management expects revenues of $12.0 million to $15.0 million and net income of $0.5 million to $1.0 million.
NEON will likely close up for the day. Shorts will continue to play their games trying to push the price down.
This stock seems to want to go over $3.....just look at the trading since the beginning of the new year. Two big up days on huge trading volume. They have several late stage drugs in development. Someone has been buying into ANTH in a big way recently. I get a biotech investment letter and they love this stock (I won't even tell you what their target price is for ANTH because it is so much higher than the current price). With stocks anything can happen, but I'm betting that we see $3 before $2. Good Luck!
One never knows what could happen with a stock when there is very large short position against it like NEON. Usually the short money can control the price, but not in every case. My thinking is that if NEON can get past the overhead resistance in the next few days - the price will go much higher!
Agree.....with a trading float this small just a few buyers could move this up big. Since there are no willing sellers after the quick move up from $3 on Monday, makes me think that this stock could take off soon......
ASPS will keep moving up little by little and day after day. What is amazing to me is how they control the trading so as not to create short panic covering. You know the shorts are covering every day now....wonder when this thing will explode higher.......