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Puma Biotechnology, Inc. Message Board

  • gareddy06 gareddy06 Dec 26, 2013 10:14 AM Flag

    Im out... Momentum running out..

    Was eyeing for 120 but it looks like momentum is running out.. i sold rest of my position today in 108's.

    I will revisit this next year when it corrects.. this is indeed a wild cat and is up too much in too little time.. I wouldnt short this though.

    Sentiment: Sell

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    • Wrong, The momentum has just began. It's back above 110 now.
      PBYI is slowly becoming noticed and a lot of newbies are rushing to short it. It'll be in 130 by second week of Jan 2014. Guaranteed.

      Sentiment: Strong Buy

      • 3 Replies to bechody
      • If it drops below 105 then we might see 100 as soon as tomorrow. Next level would be 100 and if it breaks it will go back into 80's. Again this is purely technical..

        I would watch 105 level carefully - it did got some support there intraday but let's see if it can hold it before it closes for the day.

        Sentiment: Sell

      • Good luck to you bechody! I doubt this will go 130,, may be 120 on anotehr upgrade (highly unlikely) but not much upside potential in short term. This will correct by 20-30% slowly over 3 months or may be even as soon as mid-Jan. If you notice 1min ticks over past 5days, there is more sell side volume than upside .. this is a classic sign of stealthy sell on top by institutions.

        I'm out of my long position and I'm happy with my short term profits.. if you are a long term holder then it is a different matter but in the short term this is going down IMO

        Sentiment: Sell

      • Wrong this stock is going lower period as it was an 18 buck stock. With the trials not meeting their thresholds this will crater. Nobody wants to be holding the bag except you when this happens and it will happen. I will hold my shares and cover when that news comes out. This stocks gone up 600 percent and will come down as hard.

        Sentiment: Strong Sell

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