I would suggest to put targets at these ranges 23.50, 22.50, 20.50 and 18.50 if you are looking for target ranges to start re-adding or adding for the first time. If it rebounds it could go to 28 pretty quickly. I still think we are in a down draft and staring 23.25 range right in the face and that 23.25 to 18.75 could be quick and ugly too. Back the truck up at 18.75 range.
I tend to agree with the view that $25 should hold but if the rotation out of healthcare continues then next support is 21.50
The 50day has held but who knows what the stalemate will bring
Many people have Acad and more importantly IMO NPSP
do you follow both of these?
By the way some people are touting industrials and energy stocks
The big boys have already moved both of these sectors and it is my view that smart individual investors take advantage of the exodus out of healthcare
This is the very time to buy the names that idiot Cramer has endorsed to sell
Take advantage of the weakness rather than buying in to an over inflated energy sector
Anyway great stocks like NPSP, ACAD & CLDX will prove to be incredibly successful long term failing any FDA tragedies
Earnings will drive these stocks regardless of the sector
$3. Tea Party will reverse all the employment gains and stock market gains that Bernanke put in play. Smart man that Bernanke. He read the tea leaves right and saw the friends of the shorts doing exactly what they are doing right now. Drive the GDP back to negative territory.
What emolument gains? 80% of the jobs are part time #$%$ jobs. Stop the BS and blaming the Tea Party. You don't hear any if them calling people terrorist and starving children and other #$%$ made up by the Democrats. Wake the hell up. All they want is follow the Constitution, less debt and taxes and less government intrusion. Keep illegals out if the country.
Could be. I bought in today and will again tomorrow. If it goes lower I'll buy some more but there is no doubt this is a good buy now. I've got some from sales made yesterday and day before so I can average and reallocate the portfolio. This goes to below $20 and I might be ALL in.
Anything is possible but the current price is a 50% retracement of the entire move from June, and a 65% retracement of the gains from early August. So assuming that it was positive developments within the company behind the activity, expecting 100 to 150% reductions would imply that the positive developments should have had a negative impact on the shares? I'd expect the decline to be over tomorrow, or at the very least the day after, it might be nice is it could go lower to accommodate first time buyers, but it's not like you can clip out a discount coupon for new buyers.