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ACADIA Pharmaceuticals Inc. Message Board

  • bobaloo377 bobaloo377 Nov 27, 2012 8:39 PM Flag

    Today's Action Bodes Well for Tomorrow

    Normally, I would agree with many who believe that ACAD will decline significantly tomorrow. However, as soon as the stock opened this morning around $6.00 it fell throughout most of the
    day, until the last half hour when it ran from $5.06 to close at $5.43. It was the perfect handoff
    for investors--those looking to look in over 100% gains and new money willing to pick up
    shares based on today's news. The majority of buyers today actually experienced a loss
    on paper, save for the group that came into purchase during the last half hour. So, in many
    ways today was a losing day for most of the buyers.
    The volume was also very impressive.. 60M shares traded. The amount of press coverage
    is tremendous and will catch the attention of many. They will see today's decline and see
    the bounce off the low at $5.06.
    Tomorrow we should see more ups and downs versus a strong downward trend from today.
    This could move over $6.00 early by luring in traders looking to make quick buck. So, I
    believe less volume, more volatility tomorrow. If you are an investor and are willing to wait
    things out, tomorrow's share price is not a big deal. If a trader, you will find entry and
    exit points throughout the day. Should be an interesting day.

41.67-0.21(-0.50%)Jul 1 4:00 PMEDT