Replies to post #2750 on Sarepta Therapeutics (SRPT)

[FinancialAdvisor]

I am a bit more optimistic, I'm thinking over $65. I was impressed with yesterday's action, as much as the market may have tried to sell off the stock, it held its ground and the volume and price action proved the shares are in strong hands. The initial violent move up on the great news a few days ago came to a pause and there's a new base for the stock to build off today.

There's also millions of shorts stuck from what I understand, between institutional investors having loaded up on at least 2/3 of the outstanding shares, and with at least 1/3 of the float short, I think there's very little shares available for "trade."

Pre-Mkt currently: 57.10x57.25 after yesterday's close of 56.22.