Halozyme Therapeutics Inc (HALO)

[Fred Kadiddlehopper]

Rod, I tend to agree that the stock is in firmer hands and I certainly don't expect wholesale dumping at any given resistance point. However, there will be areas where the price stalls or retreats as we all know, and the basis for some of that phenomenon will be the unloading of shares by those who wanted to get out earlier but couldn't because of the big pullback we experienced.

As to the volume, it must be giving the manipulators fits. I have noticed greater intra-day price stability of late for HALO. Tough times for flipping at the moment. However, the volume and buying pressure are two sides of the same coin and when we reach a point when the buying pressure starts to wane the volume will likely slow down as well. That's when the shorts will get their sandbox back and we will see the usual attempts to shake the tree. (Excuse the mixed metaphors. LOL!) But again, this is not likely to occur, IMHO, until the range predicted by your fib numbers and the chart. That is to say, somewhere between $9.50-10.50.
Regards,
-Fritz