Mast Therapeutics, Inc. (MSTX)

[crammerfool]

My Bullish Outlook.

Here is my two-cent bullish outlook in how things have progressed this week for ANX. Though I would love to have seen us close at .30 or .32, I think we still have a good standing here.

With today's Dow having a sell off starting around 2 PM, ANX did not start any real sell off until 3:45 PM today. I base the ANX sell-off comment more on the price drop and rise back and forth and the higher volume during that time frame. This could be more in line with what was probably happening with the rest of the DOW, and those that wanted to take some possible profit today. As the closing hour for both the Dow and ANX came closer, the lower the price and the higher the sell off volume was being executed. I look at this as being postive for us to be honest, not negative as we really did not lose ground here today.

Here is my other reason I am still very bullish on ANX. If you notice in the chart below, that when ANX price drops that the volume is usually lower than on the days that the price rises. To me the last 3 days of last week during the 3 day sell off was kind of an exception, at least in how I am looking at it. Since the sell off and even when the MM try to push it lower, you notice the volume on down days are very low. If a sell off was really happening on this stock you would see alot more selling if the people, institutions did not like this company and where it is going.