Corey, I trade using candlesticks, volume and few other indicators. The candlesticks with ACAD right now mean very little, it's trading with fairly low volume and in a trading range between $20.50 - $25. Unless you would like to get in and out in this range I don't see to much from the charts that can help you right now. For most of us here this is a big upside product stock with great long term prospects for $$$ and/or a buyout by one of the big drug companies. At this point ACAD is not going to make much of a move in either direction (IMO) until news about the drug or buyout hits the streets sometime in 2014. Also keep in mind that this companies stock is owned by institutions to the tune of 87% with the Baker Bros and FMR controlling 33 mill shares of the 79 mill shares outstanding. I have been buying ACAD since last Nov. starting at $2.25 or so with several other buys along the way up to $20. Now holding 12000 shares long and 50 contracts of the Jan 2015 call at $15.
Ah "ceo_culley" you do realize that ACAD has touched its 200 day MA only once in the last year....and that was by 2 cents on Nov. 15 2012 at $1.80. Hell it barely hit its 100 day MA for only for 1 day this year earlier this month with the 2 day sell off that got it to close .14 under its 100 day and bounced big off that the next day.
Good luck getting that $15.45 buy in. lol
"Institutions are selling"....right with very little volume down days and no large blocks going through. Right. lol
NO SOUP FOR YOU!
And obviously you can't read a chart very well....low volume selling, up volume 2-3 times that of down, major support at $20.50.
I can't imagine holding this short (I love to go short), any news or whiff of buyout/partnership and this thing takes off.
Pretty nice here too....sunny south Florida.
Long and strong with ACAD since last November. All good!
Funny you think we should care what a BOD (on many companies) who sold her stake in ONXX in the 30's only to see it bought out by Amgen for $125 is doing with her 10K and 46K shares??? Please.
NO SOUP FOR YOU!!!
You're right with news or a buyout sometime in 2014 it will gap WAY over $30....more like $45+ and never see $30 again. :)
Listen to Cramer.....funny, where was he when I was buying this at $2? lol Poor "tradingexpert" sorry you didn't get on this train. ;)
You do realize that if you had just bought and held ACAD since your first purchase on 3/1 you would have had just about the same $ and return....even after today's bloody sell-off of 17%
Go off and play with your toys and then nap time.
BTW....funny looking at some of your older posts....
***I sold ACAD and had bought this trash at 1.9 - 9 months ago, sold ACAD for 2.1 amd bought this trash
by peteharmison • Jun 25, 2013 3:47 PM
I GUESS WE KNOW WHY YOU DON'T LIKE ACAD....
TSLA - Biggest 2013 market scam, worse than GRPN or ZNGA of 2012..target 40 by November
by peteharmison • Jul 16, 2013 3:47 PM Flag
short and enjoy the ride
This is biggest scam of 2013
TSLA HAS ONLY GONE FROM $109 ON JULY 16TH TO OVER $190...NOW $168 TODAY - GOOD CALL LOL