Many are saying the selling is overdone. This is a quote from Ryan Puplava at Financial Sense.
"The correction in momentum and growth areas looks overdone for the time being. I’m seeing volume enter into the area this week at key support levels which indicates weak hands are leaving and strong hands are entering. The NASDAQ Composite is near support and one would expect a short-term bounce here at the very minimum."
boo-right in there with you. been trading this stock along with celg and got caught in this downturn. holding here and hoping for a n ice bounce. still love these stocks for their vast potential. I'm tired of hearing and reading about a biotech bubble. maybe in the smaller names and the host of ipo's but not the big names. top and bottom line growth found here. isn't that what investors want?