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
agreed, i find it strange, that all the pumper longs never responded to this message thread, but as a long i am frustrated and i post crap about the way this stock was hammered. based on when i orginally started this thread, i sure called it pretty close. i have to say i have read some things over the net, and on the yr end statement from incyte that do make me somewhat concerned. hopefully we can overcome that with some news this coming week.
the trend is now looking toward the 200 dma and hopefully we will hold that as we flew threw the 50dma today, how this stock has fallen apart so quickly is amazing, as nothing has changed......200dma is high 15s