Honestly, Im about to just stay long and forget about it for a few days; Just let the action ride out.
Where do you think it could be a week from now and even further down the road?
If not bought out (which I think is highly likely), 10-11 range.
10 to 10.50.
If the rumor is true, which I still believe is true, then Ariad will be part of biotech history of small companies that got bought out by a giant pharma
It will go up in the long run. What you should be thinking of is when to sell.
Thinking about when to sell short term? I think it will most definitely recover back to where it was seeing that the product is back on the market now. Unfortunately Im not in at a price that is too desirable atm
When to sell was anything over $9. Too bad greed got to most longs. You won't see $9's for a long time after this.
If you look at the 3 month, it's done 2 similar gap ups like this, broke down and declined over a 2 to 3 day period, then recovered past resistance points.