Alimera Sciences Inc (ALIM)

[dude iligence]

ALIM only 7 mil float over 60% of shares held by insiders large % of institutional holders. 34 mil in cash. This thing had no volume then one FDA trial rejected and some shareholder(s) dumped on what looks like a market order a large blk of shares into a stock that was very thinly traded. The way that works is say a million shares hit the on a market order when the price is at $7 and there is only maybe 20-50k on the bid side.The order will sit there and the mm's will call around and ask if anyone will pick up the shares and at what price. Once they decide they execute the trade or trades in a series of quick blks and the price gaps down hard. ALIM was at $7 on Nov 11 it gapped down from $6.33 to $2.55 then quickly lower. Right now at $1.35 we got discounted shares. Most of the shares are held at much higher levels like $8-12 a share. It's only a matter of time before the buy recommendations come out and an update on EU and more FDA trials. ALIM could be a very solid multibagger in the making.
accum, MACD, good solid buying volume spike today. Everything pointing north.
http://stockcharts.com/h-sc/ui?s=ALIM&p=D&yr=0&mn=3&dy=0&id=p45996398419