My recollection as well, thanks. I'd like to say the walkdown has been on no volume. It was light but no 'low'. That said, anything at all on the ask makes this thing respond and perk up right away. MM's trading with eachother to create volume. If we are meeting very soon with FDA we should respond accordingly. Of course they will allow it to stay on the market during BLA--if not I can't believe they wouldn't pull it from the get-go. Just my humble opinions!
Listless is a good word to describe it. When is the FDA meeting? If I remember right from the call I was under the impression it was pretty imminent...anyone remember?
Without exception every significant dip on this stock is short driven and a buying opportunity in my mind. I thought about stepping in today and am kicking myself a little but right now. Not sure what the boys have against this little gem but I think their time is nearly up!
If they read this tonight they won't be sleeping too well. I'm with the other 'doc'...this is a huge article, second only to the one about spinal cord trauma to be written in a year I hope!
My bet is 'distribution' by ADEC and 'accumulation' by who knows whom. Looks like this has been played out as OW suggested pinned @ 7 and now we head up into earnings call.
I agree whocouldit be. Between the article and the pressure these past few days I think there are shorts out there trying to keep a lid on things as well as MM's going into accumulation mode. That's the way it looks to me. Definitely not a distribution mode. Curious what other tape watchers think.
Well the really good news is Pearson's disclosure said he's short so at least he's feeling the pain today. Let's hope tomorrow brings him more discomfort!
I agree with you all. Cibranger great point...no more line by line repudiation/defense.
Just part of the shorts game. If I thought the tide was coming back in I would buy now but I think the overall market's bounce might be just about over and who knows the market in general could correct more and bring us down (further) with it. Total worthless purported research!
Fan though I am, the market is weak here and AAPL tonight will just add some fuel to the fire. I myself would buy more but not yet...wait for the market to turn. Then buy, Mortimer!