I've been watching this develop from afar and seeing ISIS drop From $36 to $30 wasn't so surprising. From $30 to the $23's with so much going on while others BIOs cost so much more... When it dropped in to the $25 there became a real chance that now it could see $19... While I doubt that I don't like the low volume. I still wouldn't Short ISIS, just Buy PUTS, but I was wrong when I started to scale in at $30. ISIS continues to be a long term BUY so I will continue to HOLD! it will just take longer.
It's my turn to congratulate the Shorts. I saw XBI dropped almost 5% one day and ISIS is one of there top 10 holdings, but it seems for now something interesting is happening. It's been a little to quiet.
As always you do you. Hang in there longs, it's not about right now, it's about 5 years from now.
I have said for... almost a year now on this forum, I wouldn't short ISIS. I am long. However I thought $27's was a solid standing ground, $25 at the most. $23's? When so many other Bio's have climbed higher with less potential?