RE:RE:RE:RE:RE:RE:Catching breathMercryfilling that sure doesn't fit the narrative that most "smart longs" liked to paint last Jan. Heavy shorting by those in the bought deal was the thesis and Doug Loe coming out with a PT below the current SP really didnt help in any version.
Personally I feel profit taking was a major part of it but it's likely a combination of all and natural after such a big move.
At this point I agree it doesn't matter. What matters is the data and the fact that it's becoming increasingly scarce as peers have not been successful. If we don't get a deal near Jan 13th I don't see it having a detrimental effect on price as good data will support the fact that it's becoming increasingly likely near term and spec should contiune to drive the SP.