Prana Biotechnology (PRAN)

[gym gravity]

I'm rather pleased the price held strongly. The open was very strong... Probably speculators thinking something would be announced at the webcast because it promptly dropped afterwards. I've never seen a stock spend most of the day green on good volume after a pipe... So much higher than the pipe price. They can't sell in another pipe this year without shareholder approval, and they likely won't be selling any more ATM shares, so the good news is they are well funded for the year and the spigot is turned off, so the price should advance with further anticipation.