lowtrade

[lowtrade]

Shees my friend. Some guy on a message board says news tonight or tomorrow morning and your here pumping. I know SRPT is your love affair, but desire doesn't cause comebacks. Fundamentals do.

Their losses have increased, (just released) REV's continue to decreased and short interest has grown to 34%.
http://www.schaeffersresearch.com/streetools/filters/equity_si.aspx
With that much short interest still arround. I'd expect $20 support could be in question. Because it guarantees a fight if price enters the gap down area.

But it is a BIO @ the "wild east" of the big boards in pharmaland and emotion could kill the shorts, if lightning flashes from a test tube somewhere. LOL

The chart just had a mini island reversal and now has a 15% bottom channel worth trading. IMO be happy with that. The play there is 20 to 23, trade it, till management improves effectiveness. And a new drug other then eteplirsen comes around. To cause the island reversal pattern to show the same volume out, that got it in the bottom channel.


http://stockcharts.com/h-sc/ui?s=SRPT&p=D&yr=0&mn=3&dy=0&id=p56859101510