Do you know where the floor is currently for a good buy-in price? Something, hopefully not stubborness or ego, compel me to want to buy more of this POS. Sincere thanks in advance to my respected fellows.
I would give the market a little time to digest whatever the FED will feed it this week out of its 2-day meeting. Currently they are putting about $45 billion a month into this market which has skewed the fundamentals on practically everything. I don't think we see any positive or negative news out of IMGN until we see the quarterly figures for Kadcyla sometime in July. If the market believes the FED will continue or potentially increase QE for infinity, then it will be party on. Thus, I think IMGN will trade with market sentiment until we see more information on Kadcyla sales.
this looks like a good spot for put selling, or some buying, maybe a first buy. IMGN went from $18 to under $15 to $16.5 less than a week ago and traded over $16 yesterday and early today. It's your $ but this seems like a good entry point. I just bought a little TSRX for a trade, it's also down big today. IMO, not advice.
Thanks, Bioimmuno, old buddy. Feuerstein reports a big biotech fund liquidating. Question is whether this presents an opportunity for buying, or whether it ignites a firestorm of selling during this stock fire season of May.