Really? It looks as though IDRA has been "bucking the trend" this week while the biotech sector is weak! Consolidation is our friend ... a "long"'s friend, that is!!
The longer this churns in the mid-3's, the more likely and stronger the move above $4.
I can't help but smile when I see the price action, in light of the pressure being put on the XBI small cap bio-index. OSIR remains flat in the face of a weak market. HOW will shorty get out of this box?
Actually, mgm, the way you can protect your shares from being borrowed is either take delivery of the stock certificate(s) and/or have your shares in a cash account because if it is in a marginable account, they can be loaned out for shorting purposes. Scottrade will only allow a sales price a certain % above the current price ... believe me, I've tried! Used to be with Schwab, and they were the same. Although, I have read that if you call your broker and specifically tell them not to loan them out, I think they have to honor your request.
80K+ a/h ... odd?
16:45 $ 3.66 2,838 - Cancelled Trade
16:42 $ 3.66 2,838
16:32 $ 3.74 High 103
16:28 $ 3.66 5,072
16:22 $ 3.6604 904
16:10 $ 3.6544 Low 22,200
16:02 $ 3.71 55,300
We blew through the $3.60's yesterday, so we spend a little more time consolidating, once again, on decent volume in a tight range! Now, THAT can't be good for shorts ... we are building a nice base here in the mid-$3's, unlike the past couple sprints into the $4s. Those moves were for traders ... hopefully, investors are buying shares!!
Looks like they missed their deadline and got no extension!! It's getting old, isn't it?