Idera Pharmaceuticals Inc (IDRA)

[Citrati]

This will be interesting because if one goes back to the end of 2011 and the beginning of 2012 there is a double top at $2. This should be a pretty stable LT support line. It was tested today. It will probably get tested again or several times. If we close below that $2 level then IDRA will confirm great weakness. Today was the first time since 18 months ago it has closed below the bottom bb.
http://stockcharts.com/h-sc/ui?s=IDRA&p=W&b=5&g=0&id=p92119490939
Given the depth of their commitment I wonder if Baker Bros. will start to buy. They have a heavy responsibility for funding, so maybe they will let the slide continue and pick up some cheap shares.
They do have to watch their ownership %. They also have a seat on the BOD.
Any thoughts here? Thanks