Heron Therapeutics Inc. (HRTX)

[crammerfool]

Yes I know today's close was artificial but I am still happy to see it, fake or not.

But I do wonder why did it run so much at the end, as the volume was very high compared to the rest of the day and it looks like they were buying as much as they could. Was it due to shorts covering, or accumulation happening? Either way, it is something I can not control... whether controlled by the MMs or not, it does not matter as I have to focus on my end needs. Hence the reason I took my profit today on what I bought today. Hard to tell if it will fall, rise, stay pretty flat in a trading range until the 18th.

It could very well fall, but my feeling tells me it won't. I believe it should rise over 2, but if that does not happen by mid or end of next week then I do not see it happening before the FDA notice comes out. My fear is that this stock will still be held in a small range of say .10 or such as time draws closer. I say fear as I have seen this happen before, being manipulated and held in a tight range until the news is released. The only one who actually makes any money is the MMs. But I think this stock is different as the volume over all is pretty low in trading each day, at least compared to others I have seen and traded, it does not seem to be high on a ton of radars, so the MMs would not make alot of money in selling/buying shares in my opinion.

You mentioned hedging with puts. I have never done that, and I believe this can only be done through Options in a regular cash account. I have an IRA account so doing Options is not available to me that I am aware of. I can only do Margins, which I can do, but have never done it to date yet.