Not what we want to see here, folks, in the face of a market that is exploding higher. If the market turns south suddenly, EXEL will most likely drop hard. Got stops?
"Funny you should mention SQNM Wilder...it is one on my radar."
From a purely gene-tech standpoint, the upside potential is huge. The technology is available & medical acceptance is imminent.
Abortion rights issues and patent rights are the clouds on that investment, but SQNM has first mover advantage. MT21 has been available since 10/11. Law suits are flying, and it may take a few years to realize full throw on your investment, just cuz they're bringing in the lawyers. The Dennis Lo (540) patent just might prevail. Time'll tell...
But - from what I see - it's accurate, non=lethal, and prospective Moms like the non invasive tech - and (a big plus) insurors are beginning to pay for it - so I think it'll stick.
Competition - though on the horizon - is behind.
I'm watching it very closely.
Don;t forget about 'lil VVUS, either...poised to embark on next leg higher after very mild, orderly pullback. Most think it's ripe for a huge pullback...I like that :)
MA's test held beautifully. It's going to go higher.
EXEL = continues to be dead $$ for now. No rush to enter.
Funny you should mention SQNM Wilder...it is one on my radar. Seeing positive divergences on several main indicators throughout March as it tries to reverse trend here. May take a position in in today. Resistance at 4.10 and 4.30. Above that and it's the thin zone until mid 5's. GL
Been killing it over the last month and a half on a handful of bigger named stocks. Would like to see deeper pullback in markets here though..
You a complete moron. First, EXEL is not a stock one should buy for trading. It is a developmental biopharm so investors should be patient. Second, you are using exponential MA which are for ST trading. If you use SMA, you will see that there is no crossover. Third, only day traders use stops because it is for people who know nothing about and dont care about the company. You are better off in Vegas kid. Next...
'nuff said about this genius...lol
Go get 'em tiger....grrrrrrrrrrrrrrrr
Continuing education on the aftermath of the bearish crossover (using a peer, HGSI, as an example):
Today was a very nice spot to short HGSI as it tagged the MA. Should be good for 10-15%.
Kerrrr-plunk! You can always count on EXEL to drop hard on a small market down day. Just imagine what she'll do when the markets correct in earnest. EXEL had its chance to form a short term bullish pattern in the past couple of weeks as the markets continued to rocket higher, but it failed...which is to be expected for such a weak stock. Be patient and look to add at lower prices. EXEL = the gift that keep giving if you pick your spots right :---------------)