mrdtino; DATA also got near 50% punch; its terrible punishment...hope this kind of wrecking don't spread....both LKDN &DATA are good growth cos..No logical selling ...absolutely no liquidity..I am scare spreading to other growth sectors with high PE or no earnings.
Thanks Nelis; GREAT post ..I learned lot and you just gave me some relief ...I will probably hold all longs...thru ER...I have reduced my exposure to 30% from high period...Waiting for your 4th Qtr estimate and comments....Thanks again
There was buying last hour but I am getting real worry about ER day...Lately so many good news in biotech stocks reporting excellent news endup loosing ground after couple hrs later....example ACAD reported long waited NDA review reply from FDA stock tanked almost immediately, Today AMGN reported couple drugs with good result..stock down over 3%... was same when MRK reported good clinical results...good news get same treatment as bad one...this is what worries me on THURSDAY..
Mrd/Trader; I think oil money invested doing booming days are calling Dollar back to pay debts but not sure what is going on after we had little stability...So I was thinking election result may have shaken healthcare sector today...I can not take so many red days anymore....
Nice positive Bari article just published today Sun...should give INCY little more boost this week after the clinical termination of last week. GLTA longs
You are right, I learned hard way...really got burn on this down days in January...made lot money in last two year leveraged to max...all time but lost all in last couple month... now play by basic rule....I noticed today INCY option pages are pretty much empty all way to Jan 2018....no contract takers
punishment ? To me it was just one phs 2 test what do you think ... thanks
mrdtino; I think same way but hard to hold when margin pressure is hitting all of those that leveraged on investing.
Trader; I am holding many long shares as brokerage allow me...but I was so deep in margin ,it's coming back with revenge ...I didn't pay back margin fast enough since all news were so good ...incy fundamentals (clinical ) were so good that believed it will never break 100... logical reasoning to invest is all gone now ..no more predictability in market
mrdtino; everyday busy covering margin call with incy shares.. finally I got down to less than 60% of holding so getting full margin buy power..percentage back..PAIN PAIN PAIN FOR BELIEVING INCY, NO BODY SELL..with all potential growth next 2 yrs
sooz glad we see in same future..By Mar. INCY with high probability hit above $100..I like covered Call at $105 for fraction of holding so if taken, others will makeup most of gains. If we don't stabilize biotech sector by Mar. it's trouble for May thru Sept. Good Luck to All Longs.
sooz[ Your action shows sudden weakness to INCY future..If you believe bullish future as you have posted last few weeks...why Call at $80 not even $100 that produces more combined return. ( $100 + premium ) much higher than $99 you will receive in March. That is for bull investor...If you think will not make to $100 then $80 to 90 make sense ,that is bearish investor....then why go long or hold longs....It seem as contradictory to your normal position..
sooz, you are way too optomistic ...market life is not that simple....incy will likely have up day but not that much.since what is happening tonight in Asia is known ahead by majority of pros..reaction bounce of excessive selling for all types of assets globally... I am going to bed hoping you come out 100% right on Friday....it helps me too....