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cbryant1990
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Well trained in numerical methods in scientific applications. My interest are in the application of scientific analysis of random fluctuations and trends in natural systems.
  • Spectrum Pharmeceutical Technical Trends 07/27/09 1 comment
    Jul 28, 2009 12:14 AM
    Spectrum Pharmaceuticals closed on 07/27/09 exactly on the 61.8% Fibonacci retracement ($6.63). This is a significant point to close at or above. With a strong push upwards, there is nothing standing in the way between $6.62 and $7.65 which is the high point of the retracement series. There are of course the natural $7.00 and $7.50 levels, but these are generally weaker levels of resistance than the Fibonacci levels. In addition, if SPPI pushes higher quickly, it may create a panic. Short interests increased from 1.5M shares to 4.7M shares as of July 27. It's not unconceivable to see a short squeeze like there was with JAZZ today. The difference is that shorts held 25% of the float in JAZZ whereas SPPI shorts hold 14% of the float.



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  • supermankind
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    i just want to tell you that you are one awesome analyst. i hope you find away to truly exploit your talent if you haven't already. i will definitely be resourcing you in the future. when i get my first million i'll be sure to send over a bottle of the best(Dom P.?..Cristal-(sp?)... you name it)
    6 Oct 2009, 11:53 PM Reply Like
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