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Incyte Corporation Message Board

  • tjnelis tjnelis May 24, 2011 3:56 PM Flag

    correction target lowered

    i no longer believe that we can hold the 50dma, i now think we could trend as low as 16.50 before we turn the ship around.....6 trading days left before asco and i am sure that some of the big boys have been dumping shares to get back in at a much lower price....i also am starting to believe that the asco conference will be a non event as was ASH, with the abstracts available there is no new news to provide us with upward momentum at this time....what we need is to have 424 on the market in the third q, but this is not going to happen

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