GW,
I'd be interested in hearing more about the piece.
Today's movement was interesting. Heavy volume with a nice move up,
although not right at the beginning of trading, and then a quick move back down, although most of the downward move toward the end of the day was on lower volume than the up move was.
There seemed to be multiple factors at work. First, there was some general positive sentiment about the private placement, etc., as it was generally a solid deal with the clear message that ATIS isn't on the verge of shutting down. I wonder just how much of today's upward movement came from this though, given the fact that the volume was fairly light until just about noon, and then wham....huge volume and big upmove very suddenly, until almost 2pm, and then a quick drop back and a quick drop in volume, too. Seems to me that if the placement news was that big, the effect should have been a bit earlier in the day. This leads to #2....the FDA/ATIS announcement as to the specifics involved with the next phase III protocol. According to ATIS, this has been getting addressed extremely seriously since the announcement, and I would be surprised if the announcement/finalization weren't to be completed in the near future...days to weeks likely. We have routinely seen ATIS' price respond in advance of news, and I wonder if there is some anticipation ongoing here. It sure would be nice to see this work in a positive direction for a change.
quote.yahoo.com
FWIW, some small insider buying occurred recently, for just over $5,000 in the upper 3s.
biz.yahoo.com
Maybe we can get some conversation going here again, although the large break from computer use the last few weeks has been relaxing. :)
Regards,
Marshall |
