Bullish
$CARA For the long time CARA faithful: doesn’t it seem like way more accumulation than even most of us long in this stock anticipated? I mean, unless you are pretty intimately acquainted with the company already, you wouldn’t even know a Phase II readout was coming - it’s not like the company works the press and pumps the stock. So why this big move up? The most likely explanation is that the phase II oral readout is very good news and it’s leaked out by some insiders to analysts that are friends of the company. A few days ago I thought it was anticipation of the readout and speculation buying. But Ragnar pointed out that it didn’t feel like speculation buying. Looking at the systemic nature of the buying and the fact that it’s pretty controlled (not fevered buying in a single day) makes me think he is 100% right. If so, we are going to get some very good news - soon. Good luck to all.
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