I’m sensing the trend is swinging to a more balanced one. We haven’t been getting massive daily swings in recent weeks. 800k of shorts were needed to slow that last run on the FDA minutes (13-14/5). But we haven’t fallen back to $10-$11 on that volume. The same will probably be tried on the next positive news (kick off on the P3, break through, gang buster Qtr Sales, etc) but I doubt it will be able to be held.
That’s my reading of the tea leaves, without my glasses on, on a phone screen in a hotel bed in Venice. The glasses could be the same colour as the Aperol Spritz.
NEU Price at posting:
$12.82 Sentiment: Hold Disclosure: Held
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