IMO, they will do whatever possible to get current before 3/31/12
Yes, the 1Q2011 took about 6 weeks to get done. But judging by their filing history, the subsequent Qs will get done a lot faster. I might be wrong about this, but looking at the pace of their Q filings last year, it seems realistic.
Regardless, looks to me like SNEY is getting read to break out here from the steep decline it's been in. It may not hit the .01s right away but I think it'll be back in the .007s soon enough. If it can clear .006 tomorrow it puts the .007 - .008s back in play for next week. Technically, looks like that's exactly what's going to happen. If not tomorrow, early next week. Price action today was interesting, all trades at .006. Low volume indicates the sellers are exhausted and the buyers are going to start chasing a bit.
JMHO, keep the faith longs. Whether it happens sooner or later, common sense dictates that SNEY will be trading much higher down the road than it is now. As I've been saying for a while, anyone selling at current levels is either stupid, lacks foresight, or is just desperate for cash. Companies don't go through the great expense and effort to get current on their filings when they have nothing going on.
