or whatever that nonsense was earlier today. Heading back up the mountain
Sentiment: Strong Buy
When it stabilizes, which could be at a price a bit lower than today's close, I will be buying calls, probably ones that expire around the middle of 2014 rather than buying the stock outright at, say, $23. My only real risk is the few thousand dollars for the call price. If cldx performs in the next few months, as will go on record to think it will, then I get far more bang for the buck will little downside risk.
Today's action was primarily lots of large block trades, which indicate that some funds traders or bought. Nearly 7 million shares changing hands and it wasn't the retail investor getting sweaty and selling that would generate that number of shares traded today.
I do agree the 22 range is probably where it is heading then you start looking at 18s if it breaks 20's. I am looking at adding around 18 to 22 range. This is a low float stock and can be manipulated two or three dollars pretty easily.