hal--
in all honesty i think it was short squeeze, possibly from amerindo, that ran out of steam. one theory is that they simply lost the ability to buy because ASND (another of their large holdings) was going down.
there is also the possiblity of a rumor driving the buying, like a deployment announcement, or a possible buyout. who knows.
the telling thing is that the stock floated down, rather than being in free fall, and it looks like 12.5 is now the base. tomorrow i tihnk we should see a small up move, maybe as high as 13.5. if it can hold that on 13 tuesday and wednesday, technically it will look pretty good. if the past is any indicator, the trend is going to be up starting now.
good luck to all,
trey |
