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ONYX Pharmaceuticals, Inc. Message Board

  • kot882001 kot882001 Apr 22, 2013 11:31 PM Flag

    I think we've made intermediate top

    IT looks like that 100+ was intermediate top and until good CC we're going to retrace to somewhere around $85...

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    • Hope you did not actually trade on your insights....maybe something else going BC news?

      • 1 Reply to nidan7500
      • Nidan, I've sold June 120c and if ONXX get there will gladly surrender my shares,- at this point I believe that potential for price appreciation of ONXX is much smaller, than it used to be. Sort of "excitement is gone". Unfortunately, I was not able so far to indentify any "ONXX Junior" candidate (i.e. market value 1B-5B, one product on market and some other waiting for approval. The closest I got was VPHM, but also not exactly) so I'm not in the harry to re-deploy funds. (While I've some very potent candidates like CLDX (very large position), NLNK (small position), PATH (small position) and IMMU, GTXI & TSRX (no position yet), they are all totally different and amount of money I've in ONXX are not suitable for them)
        I also find it very amusing that my post- merely reflect my technical opinion got 2 thumbs down. I'd not like to find my-self right, but it is what it is- ONXX hit $94 5 months ago and retraced. Now it got to 100+ and I expect it to do the same. I'm not selling, because eventually it will get another leg up rise to $110-$115, and these price swings have nothing to do with fundamentals...

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