Dendreon Corp fka DNDNQ

[scmfinance]

I thought it had been excessively beaten down as well, which is why I jumped in a few months ago. I jumped the gun a little early, but have been averaging down to where my cost avg. is currently $4.90/share.

This morning we broke thru resistance at $4.50. Lovin the higher highs and higher lows. Chart looking great as it seems to be holding the 50MA. Hoping we've seen the end of the lows and it continues to inch up over the coming months. Trend reversal? I believe the next indication will be the reporting in mid December of shares short as of 11/30 -- a second month of reductions in a row would be a strong indicator that those shorting the stock (at enormous rates) are backing off.