RSI, Williams % t, slow and fast stochastics, macd, all ride extreme oversold. I have never been in a stock
That can ride a oversold so long. To drop almost 4 bucks with 3 huge catalysts is incredible.
I think we were up a dime somewhere in there. It was really a perfect storm for the stock to go down. Offering, disappointing earnings, then a soft biotech market caused the lines to cross. That got shorts attention and technical traders are beating it down. Then people start thinking no way they can release good news when the stock is down.
Actually, earnings were up- excluding milestone payments- which have nothing to do with that Quarters activity- and which are now amortized over 14 yrs. The tree has been shaken - we're still here- as are what I expect to be an increased proportion of institutional owners- we're about to find out why...