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ImmunoCellular Therapeutics, Ltd. Message Board

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  • ajthedrifter ajthedrifter Mar 7, 2012 10:27 AM Flag

    Small Correction Soon?

    Ouch that ONTY hit was a bad one. Good to hear that you're in IMUC. I agree that near term people will be taking some profits on them but I do not foresee what people call a price correction to the downside. The company has burst through some resistance levels in rapid fashion but I think it was based on the recent licensing agreements, not just momentum trading.

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    • I know people like their technical indicators. Those are the tools in use with the bulk of my portfolio - but never for anything under $5, especially anything that has less than 40mil. OS.
      There are to many unrelated things that drive the price. I might agree that ticker-jockies, along with profit takers, might be responsible for the downward pressure now. I'm just not sure this will stay "corrected", even day to day.
      I know this has been true in the past w/IMUC, but they now qualify for listing. It might not be a technical blip, but it's hard to argue that it won't drive the price...

      • 1 Reply to evsworld
      • Agree. I'm more of a fundamentals guy, but also like to look at the chart for RSI, Bollingers and volume. Nothing exotic. A run can't last forever and I love to see it ratchet up: three steps up, one step down.

        Even under $5 the chart is telling us something.

        I've got my wife and four grand-daughters in IMUC besides myself. We're an IMUC family! LOL