Zogenix (ZGNX)

[tpham83]

Interesting developments:

Short Interest (Shares Short)
20,271,500
Days To Cover (Short Interest Ratio)
6.3
Short Percent of Float
18.39 % <----Reaching squeeze levels, shorts better plan to cover very very soon.
Short Interest - Prior
18,006,400
Short % Increase / Decrease
12.58

Merger with ENDO?

http://www.ftc.gov/enforcement/premerger-notification-program/early-termination-notices/20140885

20140885: Endo International plc; Zogenix, Inc.
DATE: May 13, 2014
TRANSACTION NUMBER: 20140885
ACQUIRING PARTY: Endo International plc
ACQUIRED PARTY: Zogenix, Inc.
GRANTING STATUS: Granted

Sale of Sumavel? or Merger?. Think they're being acquired. Well at this point still rumored, nobody can verify what this really means.

HAMMER TIME!

http://stockcharts.com/h-sc/ui?s=ZGNX&p=D&b=5&g=0&id=p71046791252

Chart shows hammer reversal. Not a perfect hammer but still a hammer bounce off $2.06.

In @ 2.08

Even if it gapped down (which I don't think it will) only a few cents lost. Risk/Reward ratio pretty good. If you want to wait for the gap up to you but there's a chance it wont.

Any thoughts on price of merger/buyout PPS?