Thank you for your illuminating contribution to the board. Since you are the only one responding to your messages, I will come say hi. You are absolutely correct on the chart, many bearish technical indicators. The 3 month chart shows:
a pennant- The price seems to be resuming a sharp decline after taking a brief pause.
Double moving average cross over-The price is generally in an established trend (bullish or bearish) for the time horizon represented by the moving average periods, in this case obviously bearish
Also, there are many others indicating the same.
But this investment choice isn't really about technical analysis Mr. Stock savant, its a calculated risk based on the possibility that a drug that is superior, cost effective over AMGENS 12-15 shots per month and is effective 99.8% of the time, with less than 0.02% mortality; will not be banned by the FDA. I am not a member of the FDA and this statement is pure speculation but i would call it an educated guess. Also the drug only caused reactions in patients upon first time administration, thus the term allergic reaction which progressed to an anaphylaxis in some of the patients. If the patients had been monitored and treated appropriately their deaths could have been avoided.