Wont take much to tank this now. The games are over. Nobody spending a dime on this over $18. Money has dried up, now time to run for the hills before earnings on the 23rd! It's gonna get ugly soon. The volume never lies
Yeh. Explain that. Market is down and IRWD is up. Shorts are running for the hills.
My prediction- number of scripts exceeds Q1 target, large number of GI docs are prescribing. The market will look at the trend. Will be far more successful launch than Amitiza . Probably one of the best drug launches in GI medication.
This stupid board deleted my post. Anyways google, "paid2trade ironwood pharmaceuticals earnings preview". That article will tell you everything you need to know. Feel free to let me know what you think of it. I personally thought it was the best analysis I've read thus far on IRWD. Anyways I shorted more at 18.20 and 18.30. I have a massive position of 36k shares short at an average of 17.95. That's over $600k short! Next week will be a down week, Tuesday will be the killer.
And by the way mershaw. I recommend you check your emotions in when trading. Feelings of bitter, anger, sad, scared, joy and worst of all greed, will do nothing but separate you from your money. And also, the Dow was down 10 points when you wrote this so I would hardly consider it a down day. Plus these biotech don't follow that #$%$ anyways, unless it tanks hundreds of points.