Most of you do not realize the Hedge Funds are already pulling back in expectation of FED September cutting back on Bond buying
Due to the FED reducing their $85/billion a month bond buying and interest rates already going up, large asset managers and hedge funds already pulling back on equities. The entire bio-pharma ETFs was down and they will continue to deflate. There is no way MACK will stay above $3 this week. We me break $2.50 by Friday.