My few on the next few weeksThe way I see it is for the next few weeks until FDA approval (whether early or not) we'll be in one of these scenarios, which make PLI "safer" now than it has been in the past :
1. We're range bound between 145-155 and then jump 30-40c on approval to ~1.90 and maybe continue the few days after to around $2
2. Bulls finally show up an anticipation of approval and we start creeping up to maybe 160-170 and approval adds another 30-40c to around $2 and then it continues a bit from there.
3. Shorts show up in the next few days and try to bring it back down but probably wont be able much further than 135 as it has been recently tested and rejected and bulls will probably see this as prices to average down for the upcoming catalyst and then we jump back 30-40c on approval to around $1.75s which is still higher than current sp.