Javelin Pharmaceuticals Inc (JAV)

[rfj1862]

I think there are several factors here:

1) Shorts covering because there are *many* more fertile fields to plow
2) Shorts covering because the underlying funds are getting margin calls
3) Longs buying because of the near-term prospect of recession-proof revenue
4) The fact that whichever fund that was holding this that was liquidating appears to be done.

Volume was down dramatically the last 2 days (not including today which is exceptional because of all the panic) which is a good sign. A stock like this should be trading 200,000 shares/day, no more.

That said, I'm having *real* difficulties figuring out when I can devote more funds to JAV. I have a ton of dry powder.