need improvement by close
I hate ER& CC, timing is better this week but never know how traders react....I am glad that after mediocre AKAM report...stock jumped big, that is change from last week...$40 stock jumped $8-9 ,that's big.....just example thing might be improving
mrdtino; I don't think that is reason for price movement...it's just general biotech sector & market condition move.. market players weren't looking that far so this event wasn't even in PPS to begin with....this was just fly on horse's back.. just my thoughts
I hope your prediction come true . I am only holding last 30% of original longs...Lost all other shares to cover margin..calls...
Big boys wanted shares today...impressive close..for big down day..$3+ loss turn into few penny plus day ..On negative $8 IBB day real positive technical action !
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..