Pharmathene, Inc. (f/k/a PIP)

[dmlabuda]

FYI - Possibility of a Bull Flag formation now on the Daily Price chart. This could be an indication of a sharp rally up. The OB/OS indices are giving neutral readings so, the can can go up or down for a while without becoming Overbought or Oversold. The safe way to play this if you are out of the market is to buy a breakout at the top of the flag. Since you are already long you just hold but consider adding to your position on a breakout at the top of the flag. http://stockcharts.com/h-sc/ui?s=PIP&p=D&yr=0&mn=6&dy=0&id=p20841928803&a=257477249&listNum=1

There are lots of FALSE bull flag formations. So, this analysis is not conclusive but, I wanted to bring it to your attention. It's so much easier to analyze the chart than it is to try and figure out what the aftermath of the court case really means and how the majority of investors are actually going to perceive it. After looking at the chart, it appears that the buyers have been effectively countering the short sellers and the shorts could get caught in a squeeze and an explosive move up will occur. But, that's not conclusive until it happens but, it is very possible now from what I am seeing on the chart.