My last point on this unexplained volume from 9/17-9/18:
Look at the trading volumes from 9/4 (day of 9th-final unblinded safety trial review), through 9/16 (just before the 9/17-9/18 huge volume days).
If you add up between these days all the price positive volume days and all the price negative volume days you come up with the following numbers:
10.5 million shares - price positive volume
10.9 million shares - price negative volume
My point about this is that the BUYING and SELLING between the day of the news (9/4) and the huge price positive volume days (9/17-9/18), was a wash i.e they pretty much cancel each other out and so there weren't more sellers than buyers nor were there any more buyers than sellers. Likewise there was very little change in the short interest between this period (only a 300K share delta).
Therefore, the 9.3 million share volume on 9/17-9/18 was TRULY a pure buying (accumulation) period and no one can say that it was to offset any pure selling period prior to this time-frame, nor was it shorts covering.
So the question still remains and everyone should really be thinking about it - what caused this huge (9.3 million share to the upside), during this period?
I say it was those in the know that were buying up cheap shares because they know what's coming up in the very near future....mark my words on this one people!
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