I get the same feeling from the tape. being held back . its churning in a pretty tight range. the dips are being bought which you can see in the volume. Yet, profits are being taken. people are trading the channel right now and will do so until we breakout of this range. the baker boys buy the other day should put some floor on it. good news will pop this out of the channel and establish a new base. we're heading to 40 plus . patience will be rewarded. I have no problem cost averaging on the dips in the mid 33's. good luck and happy holidays
the bakers are not doing it. remember market makers control tons of shares that they can trade amongst accounts. yet, that's all tea leave stuff. this is a story stock that's going to really move on news. bottom line. best to own shares that your comfortable owning regardless of the daily tape and let it ride . perhaps with a stop below the 52 wk low. just in case we get a bad chapter...
. its an inside day of consolidating the recent moves. a close above 4 is on will create a new base to start testing new highs. Watch the volume. Next week will bring some volatility as a lot of traders will be gone thus allowing for some big swings on lower volume. Regarding the fundamentals, things look good from a clinical and balance sheet perspective. I'm looking for a break above 5 within 30 days.
If the market tests resent lows then yes ! oil is getting decoupled right now from the other sectors . which is positive the other drivers that could take IDRA sub 4 could be bad results, offering , etc. their are no guarantee's. yet, you know that... this is a risk trade so don't invest more then you can loose.
lots of stock go down after insider buys. just check our SFXE... Chairman bought over 16mm worth of shares.... above 4.20 .... happens all the time. just look at all the MLP's.
todays leg down is on low volume. X MAS week usually has tons of volatility as traders are gone for the week. The GILD sell off does play a factor. Yet, my hunch is we close above 4 . The fundamentals have not changed. just some shaking of the tree.
My gut is telling me they will release PARTNER news in the near future. My gut is bring driven by the recent cleaning up of the capitol table and the bringing in of a new CEO. My other point of enthusiasm is coming from the fact that ISIS sports a 7bb plus market cap and IDRA has new improved technology plus a staple of other ground breaking breakthroughs.
Ranger... shares are scarce.. I'm long yet your post seems unfounded. plenty of shares in the float for sale and another 90mm on the shelf to pour into the float... I mean NO disrespect. happy holidays
looks like we might base above 4 as we await news. Happy New Year.. blessings everyone.
We're in a consolidation pattern. The bio space sector is seeing some headwinds. I believe we could trade between 4.50 and 5 until we get some news. TA is not necessarily the best tale of the tape on small caps as their news driven. Although, the daily chart and tools like the MACD and RSI can help explain accumulation and distribution. Remember folks their is a big difference between trading and investing. If you like the story here and have conviction hold it and potentially add on pullbacks. Regarding all the short bashers / the fact is that people rattling the tree on this board might control .00001% of the float thus there just bullies and nothing more . put them on ignore. Yet, I must admit their are a lot of posts about the stock going to 20 and greater. those are concerning to me as I'm a contrarian by nature. The bottom line is if you did you DD and have true conviction then stay the course. God bless.
agreed. I guess my comment was driven by the posts that seem to be generated by greed and high hopes and not deep DD... I meant NO disrespect. blessings. Rick