ANI Pharmaceuticals (ANIP)

[silvr_surfr]

Thanks Jadite. I am not sure what to make of it. I would call our normal trading pattern robotic with the endless 100 share trades. The past few days have been clearly different. The market is up today and we aren't. XBI is up almost 3% and we normally follow it (I believe we are included in the index).

As of right now, we have 6,300 shares on the bid at 69.00 with 10,000 shares at the ask on both 70.04 and 70.20. There are two possible explanations I can see. First, someone wants the price to stay in a narrow range (acquisition/merger?). Alternatively, it looks like the symmetrical triangle is still holding so maybe the bookends represent the bets on which direction the price will break out. I am rooting for it to break up.

I guess we will know more this week. I'll stop the play by play until something actually happens.