Dave:
BBs are noose-tight on little AMLN. Every TA study I can run (and they're very few) looks grim for tomorrow's direction, but: This is preceding, volume- and price-wise, exactly according to the model I've worked out, except for that 70k share run-up on Thursday, which I simply can't make heads or tails of.
I'm not going to be on SI much for a while (moving offices and I'm not bringing the Net with me, so I can get some work done), so I thought I'd bring this one to your attention before I took off. If it begins to drift up tomorrow and volume picks up, good things (a whole point, perhaps even more) might be in the offing. For me, optimal tomorrow would be volume in the 100-175K range, with no drop in the bid below 1/4 (and hopefully not below 3/8). If that happens, it's a speculative buy for a two- to three-day pop, IMHO.
Good luck, and see you all soon,
Ivan |
