these biotech AH action should help trades Friday ...plus lots of talk all over media to invest now ( Blackrock president just finished ) you are all OK even in volatile market..Jan.2014 was same..very volatile beginning
BIIB home run should help tomorrow...we got little up draft into last 5 minutes...on INCY...normally it turned green by closing bell..but I saw mild interest returning; seem we should get green day , no more under $80 shares. We had great ER from AMGN,CELgen now BIIB, Tue. GILD hope BIOTECH biggies show investors where is growth and profits...Still 2015 best sector is biotech..
Is that the best you can do! Down less than a dime... You better bring in the first string tomorrow....or change you name to TJ or Vaseline.... Your handlers will not be happy with you.... Even TJ can do a better job!!!!
Taking a breather. If you recall when the market got pounded Bio held it's own. Keep in mind we smashed through a new high. Money Managers are taking a hard look as to where they want to park their $$$'s. Volatility has been king thus far in the markets.
Bonk seems like many Bios are not taking part of this rally. Neither good or bad but maybe BIIB will give color to the industry in 30 min.
Sentiment: Strong Buy
Volume is down. Way down. Not sure if we'll get an "end of the day" increase. Haven't tracked buys vs. sells today...too many conference calls taking me away.
bonk, Thanks as always for putting everything in perspective.. Regarding earnings...I may be in the minority, but I believe we are going to be "shocked" with PV scripts. Would not be surprised to see Jakafi revenue approaching $125-$130 million for quarter....
Maddie ;today we still have people need to sell shares ,probably little shaken from technical weakness...INCY is kind independent mover with some help from market condition...I believe yesterday I saw absolutely no buyers at closing time ,this was unusual in last couple week...I almost count on closing push up even on down days to keep me on bullish side...I believe INCY will need to grind out sellers so it will remain in this area for few more days; we are entering pre earning weakness little earlier than usual. Buyers are already made up their mind to wait till ER is out...I am not worrying about RED days ,just cutting back on margin amount to protect core holdings until we get direction..