The bulls are on the offensive
I love bullboard dynamics. For a student of the market and a bullboard pro that has been "here' for decades, I just love it.
The biggest bad bear has been "taken out" by the bulls. But, if we all agree on something, it's these bullboards have little or no impact on the stock price. What matters are technicals and fundamentals.
This stock has likely reached capitulation. Nobody is buying or selling and the US shorts are likely thinking about taking some profits here. I would.
1. A new Director has joined who has a good pharma pedigree and connections.
2. Goldman was the sole "bookrunner" on the notes and Goldman was the #1 buyer yesterday
3. The bulls are on the offensive.
4. The bears have buried this so deep with negativity that the mount of poops is sufficating shareholders and company.
I don't know. I'm in the middle here with a biased bull. I'm seeing some TA traders here I'm familiar with and I don't want to be on the opposite side of their trades....
I really, really hope for the poor longs here that the company does something!!!! Unless they want the bears to return strong?