My worthless 2 cents wouldn't go on the short side as a short term play at this point. I'm not following the news but see the 50% fib line just below. If it holds the 50% retrace it will likely cup back up and maybe even give an exhaustion gap from there. JFDAO ... and Fred has proven his Dumb A$$ qualifications! stockcharts.com/c-sc/sc?s=KERX&p=60&yr=0&mn=0&dy=19&i=p68305524416&a=291764873&r=1360072715048