Idera Pharmaceuticals Inc (IDRA)

[Citrati]

A good question. What remains to be seen is the price effect going forward. Right now price is well within normal for the run we are having. Since we are close to starting the last Q of the year there may be institutional rebalancing for year end statements going on and another institution picked it up. Normally dump of that size into the retail market would not only sink the price dramatically but cause panic profit taking. I don't see that at this time. The fact price rose immediately with trade suggests to me something of this nature where the buy side was dominant. Today looks to be mostly smallish trades and normal retrace for such a large up move Friday without a specific news driver. We will know more as day and next few days continue. This however is all opinion and confirmation of reality is forthcoming.
Hope that the reply is useful.
Be Green