Biotech has been on fire as of late, quite toppy in fact, and probably headed for a entire sector pullback either tomorrow or early next week.
Please consider sidelining before buying at the highs which you're not going to see again for about 2-3 weeks.
The M&A activity is surely helping matters but biotech overall is entirely in overbought territory.
I made my first 15 minutes of fame at age 15/16 from acquiring a stock that went from $2.000 to $29 in a matter of a week.
Rocky Mtn News flew in, Motley Fool interviewed me, the whole nine.
A couple years later on a Yahoo stock contest playing with $100,000 imaginary money. Winner who ended up the most after 1 month, receives $5000.
My $100,000 became over $882,000.
Trust me...I know what I'm doing. I do not require any tutoring my friend.
great that you are intuiative. now question is do you hold dndn? I say yes because they are on to something big. (if you or I got a certain cancer and wanted a cure, could we contact them directly for help?)
Then the Comparator Systems (TICKER IDID) story...
That was a crazy ride breaking NASDAQ volume records at the time...
My 250,000 shares at 3 cents looked a hell of a lot better when the stock hit $1.87.