With two weeks to catalyst, you'd think a runup would be in order.
With all the active shorting and fear selling, buyers are fearful and sitting on the sidelines waiting to make a move. Question is...., how far down do we go before someone takes a shot and the runup starts.
Actually, theres been a couple of selloffs for celldex in the past where the stock went a little below the 50 day moving average- this, today is one of those, and looks like the panic bottom. It really is behaving normally in
It's querky for sure, but in this case it looks like instead of a run up and measured bounce through the end of the year we are going to get a sell off and huge jump following data. It's happened both ways over the years. It really doesn't matter much becasue the end result will be significantly higher pps by the end of the year and 4Q. The sea is a bit choppy, but hold tight Celldex will make it though this storm. Buy more Celldex.
Looks like he selling panic is over, with 23 level having held well. I don't see why there was such a rush to sell, the company is working on reasonably innocent protein molecules that are unlikely to have undesirable side effects.