Only few months before 60 cents it was trading as low as 30 cents. So, 30 to 2.40 and back to 1.40. All those who were in under $1.40 have already traded out or taken some profit.
Those loading, holding, trading above 1.40 these past 16 months may now be clipping and shaving, but the current movement is from weak to stronger hands.
IMO. Next big profit taking once 2.50 is breached will be between $4 and $7.50, depending on the strength of the B data. Yes there will be profit taking on the way up, which is why we should see another parabolic series of stair steps.
After that run to $4 to $7.50, a 1/3 slide back from the top going into the holiday will only be stopped by the strength of a license for B. An average antibiotic license sends the price to $10 or a little more, but something more extraordinary, like $75 million and $500 million in benchmarks, will take the price above $20.
Some keep saying that the next 3 to 6 months will be fun; this is an understatement of what I see coming.
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