Tue, Jan 27, 2015, 2:37 PM EST - U.S. Markets close in 1 hr 23 mins

Recent

% | $
Quotes you view appear here for quick access.

Sarepta Therapeutics, Inc. Message Board

bud_rolfs 10 posts  |  Last Activity: Jan 19, 2015 10:03 PM Member since: Nov 6, 2012
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • bud_rolfs by bud_rolfs Jan 19, 2015 10:03 PM Flag

    Short term: SRPT is currently trading between the $10 and $15 Primary Trading Range Levels (or PTRs for short) Think of PTRs like you would "floors on a building" SRPT has been busting through these PTR Levels (which on SRPT's Daily Chart) are every $5) ever since April of 2014. Just draw horizontal lines on a daily SRPT chart at $40, $35, $30, $25, $20, 15, and $10 and you will see how this fall has been SLOWED by these PTR support levels. A "rule of thumb on PTRs is that if you BREAK THROUGH ONE (either going UP or DOWN) you have to RETEST that PTR (Almost to CONFIRM the breakthrough).
    SRPT looked like it was bottoming out in the $20-$25 PTR Range when it cycled in that range for about 4 months from July 10th to October 27th. It takes POWER (volume in the case of stocks) to "BREAK THROUGH THE FLOOR OF A BUILDING" and SRPT got that volume back on October 27th when it "gapped down" on 15.7 million shares on bad news". the $15PTR Level held until December 11th when SRPT closed under $15 on about 1.8 million shares). It retested the $15 from December 30th to January 8th, but FAILED to climb back above it. When you FAIL a retest of a PTR like that, odds go WAY UP that must test the NEXT LOWER PTR (which in SRPT's current case is $10.
    Now if you scan back in time on SRPT you will see a LONG TERM HISTORY of STRENGTH at that PTR so we have a decent shot it will hold.
    It BETTER though because if you go all the way back to July 24th of 2012, SRPT has a HUGE OPEN GAP from that date (when it just JUMPED up at the open from $3.46 to $7.36. The sad truth on Open Gaps is that MOST OF THEM eventually GET FILLED. (Proof of that is evident from the closing of the even BIGGER Open Gap on SRPT (from $14.99 to $31.73 on October 3rd 2012.)It was THAT OPEN GAP that finally got slammed closed on November 12th of 2013!
    What that all means to your trading? Buying right now is LIKELY premature in the short term, because of the odds of SRPT testing that $10PTR.
    ...Bud

  • Reply to

    CAVEAT EMPTOR

    by bud_rolfs Jan 15, 2015 10:26 AM
    bud_rolfs bud_rolfs Jan 16, 2015 9:18 AM Flag

    You are very welcome rollapair.
    Just thought I owed this board a final thought on the SRPT technicals, as well as the market CORRECTION input!
    I have done my bit.
    I can only SPEAK.
    I cannot MAKE PEOPLE LISTEN.
    I will now just follow my old classmate's sage advice, and just "fade away"!

  • Reply to

    CAVEAT EMPTOR

    by bud_rolfs Jan 15, 2015 10:26 AM
    bud_rolfs bud_rolfs Jan 16, 2015 9:15 AM Flag

    Yes Harry. But be sure to read what I posted closely, because there is a BIG DIFFERENCE on how to BUY SRPT at this point based on the actual MONTHLY CLOSE!

  • Reply to

    CAVEAT EMPTOR

    by bud_rolfs Jan 15, 2015 10:26 AM
    bud_rolfs bud_rolfs Jan 16, 2015 9:13 AM Flag

    Why use STARFE11...?
    There cannot possibly be 10 other IDIOTS out there like YOU!

  • Reply to

    CAVEAT EMPTOR

    by bud_rolfs Jan 15, 2015 10:26 AM
    bud_rolfs bud_rolfs Jan 16, 2015 9:10 AM Flag

    I NEVER predicted"ANYTHING".
    I just told people that "TECHNICALLY", SRPT had a very high "PROBABILITY" of retesting the HIGH VOLUME NOVEMBER 2013 low; so they needed to PROTECT AGAINST THAT PROBABILITY by hedging their positions. Obviously, my advice was NOT WORTH PAYING ANY ATTENTION TO!
    Just ignore that probabilty idea though "outinfront," so you can always remain financially "STUCK IN THE OUTHOUSE"!

  • Reply to

    CAVEAT EMPTOR

    by bud_rolfs Jan 15, 2015 10:26 AM
    bud_rolfs bud_rolfs Jan 16, 2015 9:04 AM Flag

    No, Dan, THAT was not the major problem! The biggest 2 problems that I faced on this board was that:
    A. I was giving people the TRUTH (in my technical analysis) rather than worshipping the CULT MONSTER that some tried to create here. (No one wants to ever hear their baby has a few warts!)
    B. I was fighting a PARADIGM. (In that a lot of people who know NOTHING ELSE AT ALL about technical Analysis..."KNOW WITH CERTAINTY THAT IT DOES NOT AND CANNOT HELP THEM"! (And in a strange and ironic way...because they are so close minded about it...they are proved RIGHT!) This mentality (though just built on opinion NOT data) will NEVER ever even entertain the possibility that it might be wrong.

  • Reply to

    CAVEAT EMPTOR

    by bud_rolfs Jan 15, 2015 10:26 AM
    bud_rolfs bud_rolfs Jan 16, 2015 8:56 AM Flag

    Great! That will shut me up for sure rich!
    (and benefit you greatly no doubt!)

  • Reply to

    CAVEAT EMPTOR

    by bud_rolfs Jan 15, 2015 10:26 AM
    bud_rolfs bud_rolfs Jan 16, 2015 8:55 AM Flag

    I find that the idiots who know the LEAST about ANY SUBJECT are always it's biggest critics.
    What are your thoughts on "A ROUND EARTH"?
    How about "MANNED FLIGHT"?
    And of course..."A TRIP TO THE MOON"?

  • Reply to

    CAVEAT EMPTOR

    by bud_rolfs Jan 15, 2015 10:26 AM
    bud_rolfs bud_rolfs Jan 16, 2015 8:14 AM Flag

    No need to hang your head Copp. You were always one of the more open minded on this CULT STOCK board.
    Anyone who has an OPEN MIND at least HAS a mind; and anyone with HALF A MIND can see that all SRPT is doing TECHNICALLY HERE is retesting the November HIGH VOLUME MONTHLY LOW at $12.12.
    The way RETESTS like this work is as follows:
    A. If we CLOSE BELOW that previous low of $12.12 on MORE THAN 97 million shares MONTHLY VOLUME, then SRPT is "TECHNICALLY BROKEN", and can go to $zero.
    B. If we CLOSE BELOW $12.12 ON MUCH LIGHTER MONTHLY VOLUME (than 97 million shares); then SRPT BECOMES A "TECHNICAL MUST BUY"!
    C. If we CLOSE BELOW $12.12 on LIGHTER VOLUME (than 97 million) then we are IN THE PROCESS OF PUTTING IN A BOTTOM, BUT CAN GO A BIT LOWER FIRST! (So, buy in "PRE-PLANNED $ AMOUNTS at EACH WHOLE DOLLAR AMOUNT".
    BEST OF LUCK to all (whether you HEED or DISREGARD the TECHNICAL ADVICE!)
    God Bless...Bud

  • bud_rolfs by bud_rolfs Jan 15, 2015 10:26 AM Flag

    Please be aware that the 25%+ MAJOR MARKET CORRECTION that was set up "TECHNICALLY" to occur back in October (Gee, with the election imminent...I wonder WHY it didn't CORRECT then!) IS STILL AN OVERHANG TO THIS CURRENT MARKET!
    I Know that most of you do NOT get my market technical updates (much less SRPT updates); but I STILL DO WISH YOU ALL WELL. (Even the arrogant pompous "Faux Wizards" on this board like Red Lobster, who struts around acting indignant and snarky all the time on this tiny forum while "making himself a "SMALL FORTUNE". (Unfortunately, he started out with a "LARGE FORTUNE!")
    (He isn't ACTUALLY A TECHIE who knows something that you lay folks don't know, but he plays one on TV.)
    Best Regards, Bud Rolfs

SRPT
12.335-0.105(-0.84%)2:34 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.