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Re: Pip611 post# 938

Friday, 08/12/2016 3:48:49 PM

Friday, August 12, 2016 3:48:49 PM

Post# of 1435
Yep, I fully expect the data to be good. But I don't honestly think it's necessarily going to be that great of a catalyst because I think that everybody is expecting it. But at this level, the optimism is obviously not at all baked in which is the most puzzling part about it. I just think that there isn't enough regular traders interested yet to move the price, so institutions have to load up to really move it. I think what is really going to drive the price is when rumors of a buy out begin to happen a little while after the data is released and people come out of the woodwork to write articles about it. Then it's going to get interesting. Institutions will also be increasing their positions slowly over time as well, so it's going to be bumpy for sure, but you're right, it's going to blow past 10 and into the teens pretty quickly once the buzz gets big. Good luck to all longs!
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