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Re: teddwork post# 566

Friday, 08/29/2008 12:03:32 PM

Friday, August 29, 2008 12:03:32 PM

Post# of 8524
The dip below $7.50 over the last several weeks was on extremely low daily volume. IMHO, this was obviously just short sellers shaking the tree in an attempt to get cheap shares to cover. Yesterday vol. picked up moderately and we went north in a straight line.

Thus, despite their best efforts, no one accepted the shorts invitation to sell at $7.10 and we quickly popped back over $7.50 like an over-stretched rubber band. If they are going to cover the remaining 7,350,000 they had better start now.

I really feel that news is imminent. There is just too much action going on in the pharma/biotech arena. September could be the start of of real hellacious short squeeze if my gut feeling proves correct. Too bad on them. They had their fun all the way down from $10.00 to $4.00. Now it's my turn! LOL!
Good luck!
-Fritz

The more you know, the less you don't know.

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