That topping tail usually indicates at least a temporary blow off. cle is our resident tech guy probably look for area to get long. It's had an amazing run..but I've heard some lofty targets. Swks also in a strong up trend made a new high and backed off a bit..still looks good. Every pullback gets scooped up.
yeh..these things can go nuts either way..ziop may have turned the corner. kite juno all have had big haircuts..risk management 101 gotta do it.
cool..adxs got the smack down yesterday.. Had my stop jus t below 50 day. Ripped right through. Looks like a classic short attack..some of these start up bios ha ve great prospects but can be very volatile. Gl,with ziop still looking good.
Exactly..ziop was under attack and then a big reversal from about 9 bucks all the way to 12.50 in a few days. I was lucky to catch that bounce..more than made up for today. See how this one goes?
It could be next? The waters are murky..when big money sells...shorts smell blood it becomes a waterfall effect as recent longs who entered at higher prices panic. Today was that perfect example..gl to you.
It is similar to the kite haircut..the reason to have stops puts short calls etc etc. this sell off reminds you once again the inherent risk and volatile nature of these early stage biotechs.
He's a slagging u..just how some get their jollies.. I like the way it's acting. Totally different price action.
I trade it now and then..that's all just a harmless dig..it does get to giddy on this board. You bug all the perma Bulls..it makes for a good laugh.
I was hoping for pullback to 10 area..may happen? Price action has changed..clearly more bullish lol..I would be a nimble short if you're in that mind set? If we just sit here looking like next move will be 12.
got long yesterday both look intersting on this recent pullback. Adxs went right to 50 day and bounced. Smaller one to watch onty..they had recent positive info from biotech conf. Seems it has flatlined just below 4 a possible sleeper that might wake up?