BioMimetic Therapeutics, Inc. (BMTI)

[fredman]

BMTI had a great day and candlestick analysis indicates a trend reversal / Bullish Harami Pattern was formed today. The volume is drying up, indicating the sellers have the upper hand. The RSI and STO have bottomed I would not be suprised to see a gap up over the next few days as the shorts scramble to cover. According to http://www.shortsqueeze.com/?symbol=bmti&submit=Short+Quote%99 BMTI short interest actually INCREASED 4.07% today to 1,341,400 shares short!!! The average daily trading volume is 181,000 shares. With volume declining, BMTI has the potential to rocket back to the $12 - $13 range over the next few weeks, imo.