Sunday Prep 8/08 - $BYSI Setting up perfectly for a SQUEEZE!!

This name is set up perfectly for a squeeze. it gapped up big Wednesday morning after reporting positive top-line data in late-stage study of lung cancer combo drug. it inevitably pulled in tons of shorts due to its large gap but the stock held relatively well and even pushed up later in the day. the problem is that shorts see that they will most likely raise through a secondary and they get extremely bearish on the stock which in turn makes them hold and become stubborn. but this company will more than likely price the secondary rather strong and shorts will not get bailed out like they’re hoping they will. Friday the price action was really constructive. this coming week I will definitely be watching for any type of weakness that actually ends up trapping more shorts. I will possibly trade this intraday but the real thing I’m interested in is to watch for when they actually announce the secondary to see if there’s a flush to scoop. But I don’t necessarily want to be holding this thing long into the secondary. I would prefer to be flat at that point and then react.