Maddie; I strongly believe $5:50+ swing on relatively calm market day for our gem with current biotech environment with ASH & PV news pending clearly demonstrate we have dirty MM tied in on our stock. On current situation,INCY stock holders don't deserve this kind of dirty play. today was really really bad play. I have SGEN and we get similar shaking but not as bad as today's INCY trickery. good luck to all tomorrow.
I try to play option when MM drop share price BIG nearly $1 on one swipe but none offer to take my orders ; I had three chances but ended empty hand by closing. This tells me todays strange movements were all one side play in favor of MM collecting cheap shares for inventory, anticipating panic demand to develope around PV news. So starting tomorrow price per share should be firmer, after heavy shaking today.
I believe that is only one reason...others are Hedge Funds are lagging behind average index funds and trying to catch up by going after momentum stocks in biotech where they can get big percentage contribution if they hit good ones....other is shorts desperate to close with tax loose....before potentially Hot ASH week ?Dec JAN. phase
Lately everyday, first 45 min. is strongest and consistent rally and fad after periodically go red and makes minor up close or near. This is indication of topping but INCY everyone knows about ASH presentation and PV approval...So it boils down to without brand new news,looks like side way action for several weeks.
MM really stole many shares yesterday at dirt cheap but likely came from institution ;hope retail seller didn't get hurt by joining them...today is completely reverse on upside
High probability That will happen on strong biot day but why someone is feeding shares at cheap price...all those shares are stolen by MM...
High volume weakness on exceptionally strong biotech day. Real test is how it close but I am curious why somebody is giving away shares before interesting ASH presentations on way
Jacosa; As always great in depth analysis ; we all appreciate very professional messages. I also felt the article was choppy and incomplete so I had to get help from others..Thank you for very informative answer.. Bonk
Driving; I sold 1/3 this morning.. just to pay off some margin loan..I will ride other shares with $6 cost base. Shares i sold today had high cost; took tax lose
I sold part of holding,7500 at $18.25 ...holding other 2/3 till later Dec...Happy with$4 + gain this morning .. Not waiting for home run ..can't take chance when margin interest is getting higher..gave up big gains before looking for unrealistic gain ...this is not phase 3 result
thanks for cldx news, I missed Fri news release on RINDO...be careful this drug is tricky and still early stage with small patient population...I only own 10% of INCY shares. As you know CLDX price performance is hard to predict...GLTU
That shares are only administrative procedure in recording only....actual transaction was taken doing open market. I believe buying pressure is over today. expect weak price next week... J&J is just playing with speculative opportunity, they have lot of extra money ,if fail they just write off on tax time.. you can see option to cancel agreement any time.. don't invest as serious R&D deal,you can get burn with this stock; play with Vega type money.
I agree good point...Don't know about RFMD or TWTR future but INCY should go higher before ASH CC..specially last two days cleanup.....Boy MM really stole lots of bargain shares today...they played dirty trick by shaking money tree.