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InterMune, Inc. Message Board

  • holywallst holywallst Dec 29, 2010 12:10 PM Flag

    1 step up, 2 steps down is the trend

    This will go up fifty cents and then drop a $1, then rise 50 cents then drop another $1

    Watch if that doesnt happen. Its called the "1 Step UP, 2 Steps DOWN" way to fall. It throws off the best of investors and traders who falsely think a bottom is reached when the stock starts to rise

    The trend if you look at the big picture 2-3 months out, you will see $10 as a gift also to get out in the future. Many will be left with the bag when thid keeps dropping if the drug is rejected by FDA or if FDA even pushes this out or requires more trials and evidence and more and more of everything before going further.

    Its NOT easy to get FDA nod folks, their neck is on the line so such high risk drugs are not approved even if everything seems very safe.

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