ljpc

[littlerayray]

ljpc [la jolla pharmaceutical] info:
rtq:1.08
50% institutionally held.
52 week high: $4.50
chart: http://stockcharts.com/gallery?LJPC [has been consolidating nicely on heavy volume between 1.07-1.14 , the float has been turned over.
Over 3mm shares short
Float:60mm out with half held institutionally
no insider sells for the past 3 months
Last news headline reads:"La Jolla Says FDA Indicates Riquent Is Approvable >LJPC "
No resistance until 1.72.
Do your dd, but i see a nice hard bounce coming off of this area of 1.08-1.14 back upto 1.70.