IBB dropped like a rock since open, now down in excess of 1%.
Most of the daily risers have transitioned to the downside. Affymax is no different.
Tomorrow is another day.
Sentiment: Strong Buy
Why the spike on heavy volume, anybody know what is going on here no news that I can find.
Hi Euro, sympathetic moves as MNKD and others got hit hard on funding news. Probable bounce by end of day for all and agree tomorrow should show light that those funding moves are good long-term and should bounce the sector.
Plus the market overall needs a breather to be honest. This would allow RSI's to reduce a tad.
It's been a wild ride in Affymax the past two months as well as Bank of America (also holding a sizable amount) over the past 3/months.
I'll surely give up a couple grand after the recent run-ups of both comps.
Rest assured I'm not selling either company at these levels. Surely more money to be made in the long-run.