Dendreon Corporation (DNDN) Shorting the Record 8 Downgrades

Click on chart for larger image. See multiple arguments below.

Multiple Arguments:

• News
• Record 8 downgrades so far on DNDN adds pressure on intense overnight gap down.

• Level II Refresher
• Sellers clearly visible entering around $14

• Momentum Trend
• Very good momentum, volume spikes up significantly.

• Signals to Sell
• Price touches the daily EMA, but pressured back below.
• After checking 15, satisfies level to prepare for 14-13.60 short.

Here's my chatter leading up to the moments of the DNDN short 14-13.60:

7:45a DNDN looks lower here
7:48a new lows dndn
7:48a looks lower 
8:28a Theres a gap in DNDN from way back that goes to 11.81