Could very well have been some traders and/or profit takers bailing because of no news agreed fisherman...but I also think given the increase in our average daily volume over the past 2 months and the uptrend since January...that some of the recent selling when we got up to around 3.14 was shorts...and some of it is a tactic by whoever's been buying over these past 2 months...because the eod day dumps this week were definitely a tell that someone was trying real hard to create red candles to cool off the sizzlin' chart while volume remained above average.
Which for me anyways speaks more to stealth accumulation tactics than disappointed retail flippers and/or profit takers expecting news.
And todays takedown to touch the 50DMA is definitely a tactic a stealth accumulator would do to grab more shares while ensuring the 4+ month uptrend remained completely intact right!
No matter how we attempt to slice or dice things at this juncture we know for a fact that FocalinXR 5mg sales should be commencing but far more important than that...the long anticipated Rexista Phase III trials should be announced anytime now...and if it's done on a non-dilutive basis as the analysts have predicted that speaks loudly that there may also be a large Rexista partnership looming on the near term horizon because stealth accumulation is/has been occurring for 2 full months now by someone right...which means our long wait for action and lots of it could finally be arriving on the near term horizon!
Throw in the distinct possibility that the FDA's finally prep'n to deliver the 1st of IPCI's 3 long overdue ANDA's plus the possibility that the new CFO's re-scheduled the NAZ opening bell...and the stage couldn't be set any better technically and fundamentally for a colossal back half of this calendar year!
Best of success as we wait to see if all this recent accumulation is truly leading us to the exciting times we've all been patiently awaiting cheers!
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