Sunday, January 09, 2011 1:58:07 PM
Something is brewing...its a pattern that I seen before with IMGG. Ignore it at your own peril. No news spike of 5 to 10X avg volume always preceeds PR or CC. If youre in the know...it easy to make money here. If not you will get churned into nanoparticles. As common shareholder we will be the last to know unless we dig. Normal rational would dictate we are 3-6 months from getting the final word. Valuation pre NSE was 80M with most people believing approval was CERTAIN. How much do you believe IMGG can regain? This feels more like a head fake prior to some tidbit news. If it's a resubmital that will be good news and possible return to low .20s. If its a PR to annouce they had or will have a sit down with FDA is just more fluff to stablize the price. I believe its the latter.
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