Carlos wanted to know if MAKO might trade above 15, if I understand the question correctly. I had set the target there yesterday, and it failed by pennies, at least for now. At this point, the stock has traded all the way back down to our take-the-money price of 14.40 and has support near-term of 14.25. It's very volatile though, so who knows.
As far as trying to get more than 15 - not so sure for now. The volume has been huge, suggesting shorts who wanted to cover have covered. We could see some slightly higher prices, but the bullishness here is probably more intermediate to longer term (buyout, suprise in sales, new big hospital adopter). But, if we can clear 15.25, the stock, which again is very volatile and also is extremely oversold, could eat into the gap a little. I would be surprised to see much higher than 15.50 or so this week. Next week, we have options expiration. At this point, the open interest is so low at these prices, that I don't expect an issue. Bottom-line: I am inclined to not press this one. Hopefully, we get it back to 15.