GTC Biotherapeutics (fka GTCB)

[croumagnon]

At least we briefly saw $1.23 today LOL...

There is no doubt about the fact that someone is keeping us in a tight range just below $1.2. Previously I had thought it could be hedge funds but it is not their usual modis operandi to keep the price so stable for so long. The only other two reasonable explanation I have is that:

(1) Someone is capping at $1.2 and accumulating shares for a future take over at a low price (possibly around $2)
(2) Someone is truly unloading a massive position at the $1.2 level.

Both the two above scenarios point directly to Genzyme being the culprit. However, I find it very strange for someone to be unloading at $1.2 when the stock is certainly undervalued and ready for take off. Therefore, I conclude that the most likely scenario is one of accumulation for a future takeover attempt, most probably by Genzyme...