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Dynavax Technologies Corporation Message Board

  • olliwd1 olliwd1 Dec 21, 2010 3:07 PM Flag

    Profit taking?

    Can't complain if it finishes green but the downwinding of the PPS and how pharmas usually work im half tempted to sell and get back in at a lower price.

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    • it's gone up a lot so it's profit taking more than likely. tough to have bonafide distribution without the catalyst occuring, which it hasn't. i still believe the run we're seeing is momo traders jumping on board with institutions who are shift $ to winning stocks before the end of the year. the slope of the upward trend changes drastically when the catalyst has occured and 1b is "early 2011".

      long and short...i believe we continue to run for now but don't get caught holding the bag when the news comes out. only fools and newbies bank on finding the next dndn. chances are whatever news will be released will be factored into the pps and inflated by over 25% in the days leading up to the release. the high volume days prior to the 1b results (once the date is announced) will be the bonafide distribution as the traders pull out and take profits.

    • Can't go up forever on no news.

      Your thoughts formerly referred to as the "rinse-and-repeat" technique, quite useful historically in DVAX.

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