They got some good comments from FDA for phase 2, but that means zilch as to ultimate approval. I've seen co's get a few good comments early on and get rejected. Plus, no phase 3 completion till mid 2016. Not much more upside from these pre-mkt levels.
And when I say "they" I mean the manipulators - hedge funds and such who were manipulating this thing like fiends! Have they given up or will they be back very soon?
Should get over 100 early tomorrow. people are insecure about this stock but want to play it, so when some high profile person gives a big thumbs up or thumbs down, it will move big. People look for guidance in this sort of situation.
Any dip was shortly met by buying, and it closed around HOD. Very bullish strength. The low volume pre-mkt nonsense this morning means nothing. NOTHING!
I saw that and have been googling and haven't found any info. It may be one of those things not yet publicized.
Premarket activity is very telling. Interest in this stock has diminished. The whole thing was based on momentum from uninformed buyers. I will consider re-buying at round the 17 area. GLTA