Take a look at CRGN, this young baby will fly high tomorrow after the announcement--this could put Curagen into Black by mid-year, just unblievable, considering the company had just ipoed one month ago. Wow, go CRGN!
Scary drop, eh? I was particularly scared by the high volume, but 75% of it went in one block. I thought about selling, but it's still above the 200 day moving average and a very dynamic company. I have faith in INCY. I wish you (and me) all the best in INCY that are long. It was also a tough day for arqule and affymetrix, incidentally.
Probably the drop has something to do with their numbers. They didn't meet the expectations of the street - a disaster if it's a growth stock with a p/e of more than 100! Such a high stock price always anticipates a lot of future. And if the analysts become a bit disappointed they tell their clients to sell - and this happens right now with INCY. Nevertheless I'll hold on and wait. It doesn't make any sense to sell now. The company is great and I still like them.