There has been a pronounced turn in the technicals, that's why I got in and have been bullish. So far, despite the last three day drop from 1.86, the technical turn around is still intact. Having said that, biotech small caps are sentiment driven wild cards and many speculators will sell at the first whiff of a market correction raising cash from spec to hold onto their core holdings in large cap leaders.
The market is likely in the front part of a correction, most of the leading stocks are getting hammered.
Look at all the pump and dump biotech plays from just in the last four weeks in the trash down 70% off the fast pump high. Be happy most of the slime balls trading the that stuff are already busted out.
I swear these mooks have no discernment or will power, trading programs are plucking them from the water like fishermen pull cod into a boat. YA FREAKEN MOOKS!
A new high soon. extra long meaning overweight for the move up. Overweight is trading shares with a core. Meaning after a big move you will sell the tradinfg shares and keep a core equal weight for long term.
I have never bought on article from MK even on sale at 50% off it's still way over priced for what it is. I think Asians were into the name but now they are not so much and the market for this over priced mediocre clothing and accessory line is shrinking fast. It's a 10.00 stock still traded by suckers and hedges trying to get out without caving it too fast.
Thousands of accounts are being closed from pump & dump losses. Broker tells me people who open accounts with 25k go broke fast chasing biotech small cap P&D.
I am buying 10k for fun