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ACADIA Pharmaceuticals Inc. Message Board

  • beachinv beachinv Jun 17, 2013 5:12 PM Flag

    Nothing wrong with the investment....

    No big worries here - stock needs to pause a little and consolidate as big buyers will not chase as there is now a wait for the big catalysts. As I said before be prepared to wait as it bounces in a range. It will be much higher long term but be prepared for some games as big institutions are not in the business of chasing stocks and making it easy for the retail investors. They will eventually bring it down and flush out weak hands and pick up shares not at $20 but lower prices. That is why you need to hold onto core position, trade some for profit and/or sell some calls against. That way you can collect income and have liquidity to add when they play their games and bring this down. This is just how wall street works...That is why you also need to look for other winners....=) Long: ACAD, INSM, KERX, SRPT, AEGR, BMRN. Like INSM most for the next 2 months.

25.34+1.39(+5.80%)Oct 21 4:00 PMEDT