The guy talking about a drop to 1.46 is reading Stockconsulatnat from scottrade
I use technical trading to time in and out...sometimes good and sometimes not, BUT
technical traders who know what they're doing, realize that fundamentals and news trump technicals.
We have news here. Russell index and the fact that AMGN has ponied up more dough and that CYTK is announcing progress at end of summer at conference.
There has been a TON of buying so technically, we're looking for a pullback. I agree we'll get it, but I doubt back to 1.46
I'm hoping back to 1.60s, but even that's iffy. You just have to buy on dips and keep some powder dry for bigger dips. NOTHING goes straight up.....but we've certainly come close here.
Taking a profit never hurts you, unless you take a small fraction of what you could have had.
Cytk is not a good stock to be without. I think we're looking at $4-5 by erly September.
I am in the same boat market man. Sold 50k shares. Bought 7k back above 2$. We have weeks until Actual results. Looking for correction to buy more. Sellers remorse? No way. Great profit in the bank and we have several YEARS before drug comes to market. After getting burned so often on this stock on all run ups for last three years........getting kinda shy. Glta
I doubt that 1.46 will come around. If else, MM's push this the TSLA way, leaving us in awe like "what did I sell too early". If upward trend continues tomorrow, most definitely low 2's could be the re-entry. Then there is that issue of the market cap getting over inflated, but its meds work. As to what is the market potential is sales that is an unknown.