Hey everyone,
Nice to see ATIS holding above 3 so far...past news has involved movement in advance of the news, and when good, usually it has dropped after, as of late. This time it just may hold a big chunk of the gain, and then gradually get a chance to move forward some again. The last two days have seen very low volume, yesterday at 290,000 shares, and today at 130,000 shares, and the avg. trade today was only 987 shares. Looks like the upward movement occurred when trading was heavier, and the downward movement is with light volume and small retail trades for the most part. I don't see the obvious mass exodus here, although I do get the sense that big guns wouldn't jump in until knowing that the usual plunge doesn't happen, which it doesn't appear to (just over 2 to 4ish and back to just over 3 within 2 weeks still is very forward movement from a technical perspective). What happens over the next few days will be interesting, although still meaningless in the grand scheme of things.
As for the 8 question, this is hard to answer. Actual price guessing here is impossible most of the time, but with continued good fundamental news 8 is not even close to the long-term goal. The current large resistance is 4ish, and then again 5ish after. One step at a time. The sooner the dermagraft study truly is enrolling patients, the shorter the wait, assuming the clinicals go well.
Regards all,
Marshall |
