Dynavax Technologies Corp (DVAX)

[oldberkeley]

DVAX,a few thoughts:

1. The PPS certainly seems pegged to $3.20: it can't escape the gravity of that number.

2. Lots of selling into morning runs. A trader on Twitter has speculated (no more than that) that it's an institution unloading before what they feel will be a total non-approval. Again, just his speculation, and I'm currently going with the restricted label scenario.

3. The PDUFA date is Feb. 24, but since that's a Sunday I'm looking at Friday, Feb. 22. Since the market is closed Monday for Presidents' Day, after today there are only five more trading days left. Is the pre-PDUFA run-up over before it ever began, or is there still time?

Comments welcome, best of luck to all.