BioSante Pharmaceuticals, Inc. (BPAX)

[Ticalc2007]

To be fair, you also had this to say:

Only those who don't know how to read the charts will throw them out the window. A well read chart will tell you in advance how the upcoming news will most likely be perceived by the majority of investors because those in the know (the smart money) are already positioning themselves on the side they believe in so, as we get closer to the vent in question, it will be obvious where you want to position yourself.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72013306

Now, I'll be honest, I don't have many years of experience with TA, but what I saw all day was a series of lower highs, which to most, in combination with the past several days of declines, would lead one to believe that we were beginning a downtrend. Now, if what you say is true and those in the know will be "already positioning themselves on the side they believe in", then shouldn't the smart money, you know, those will millions of dollars to invest, have had sufficient influence over the stock to provide buying pressure, and make it "obvious where you want to position yourself"?

I appreciate any input as to what in the chart should have indicated "smart money" was buying getting closer to the event today, because I just don't see anything that's that obvious on the chart.