I noticed the same. Also, no panic selling as the volume was not crazy. The chart was touched a bit however we will see what happens the remainder of the week
As we go to $45
Remember there were Mar 50 calls purchased. It looks like the trader may have sold them and purchased the April 45. Appears to coincidental to me. I bought the stock because I like the chart. If there is an announcement then all the better
First of all kudos to rickarooski for his comment on why the weakness in AA. Its all about the acquisition. Aerospace and Automotive are performing very well.
More importantly based on the OPTIONS for 3/27 it looks like the bottom here is 12 based on the volume for the $12 puts. Interestingly the APRIL 2 $13.50 CALLS have unusual volume which by the way is right before earnings. There is no volume to talk about with PUTS. This entire drop is pure manipulation on behalf of the option players.
After earnings we rally big!!!
certainly a valid argument. the chart tells me $12.50 or $12. then I am all in. bounce off the earnings report. aerospace and automotive continues to do well
Based on the chart there is no resistance until $45. New buyers are now coming in based on this breakout.
There are a couple of catalysts......Presentation on March-24 & Cingal
Appears that off the head and shoulder pattern which is bearish an inverted head and shoulder pattern has formed indicating a bottom at $39.92. Although we still need to break over $40.50 the trend line is currently bullish indicating a near term announcement forthcoming.
Good luck to all.....
Let me preface my point by mentioning that there are certainly more individuals on this board that know more about the medical dynamics with respect to ANIK products however from the what I gathered on the conference calls and literature it appears to me that Monovisc was a far more complicated product. I am of the opinion that management has sandbagged us in good way knowing that this product is far more superior than they are saying. Maybe we all discounted the fact that Mr Sherwood may be a good poker player. Stay tuned......
We go higher from here
It appears to be consolidating at the present levels however we need to push through $40.5 with volume then we go up fast. JMO
I have no financial incentive. Perhaps you should do your damn homework instead of coming on boards and making accusations.