Versartis, Inc. (VSAR)

[mgplayer247]

Thanks for sharing your research/thoughts on this one longx. I too am intrigued by what I have found with VSAR and find it curious just how tightly it is trading right now (pinned in this $1.65-$1.75 range). The accumulation is obvious and the chart looks massively oversold IMO, so it makes me wonder what is brewing behind the scenes here. (the insider and institutional purchases are exciting as well). Unless I am missing something, this is trading well under the company's cash value which leads me to believe a big move may be coming.

On heavy watch right now and very interested to see the latest ER next week.