From a technical perspective, the bottom was a good one to buy at about 2.10 with the confirmed short term trend reversal. Very oversold on all indicators, huge volume going down with capitulation volume yesterday. I am looking to add on a dip tomorrow and hopefully play the ol' in out in out if the chart stays clockwork clean.
TV=As to ice fishing, #$%$ Guindon had a great cartoon many years ago of a bunch of people sitting on chairs scattered on a gym floor with their chin in their hand looking down at the floor. The caption, "ice fishing convention in Minneapolis."
Sonic: Call it paranoia, call it politics, I do not trust this administration nor its agencies. I just got burned on PSDV on a product approved for use in the EU which slows maculardegeneration. Duh? Safety issues on keeping people from going blind? I analogize it to preventing the replacement of the Keystone pipeline, which provides high sulfur content oil to, ie. East St. Louis with Keystone XL and instead having the same oil shipped by rail car. Duh? Not seeing black helicopters, but also not seeing rationality from the present administration.
TV- You did what I got burned on. I was trading and became an investor and overloaded the boat too high up. There's a lesson there for us both. I took my losses and am waiting for another buy signal from the chart. We can speculate all we want about what will happen but we know for sure what did happen. Meanwhile, I am happy with DRRX (so far) and getting nervous about VTUS which has a pennant formation and failed to make new highs on declining volume. Stay tuned and keep posting.
Kitty: DRRX popped on PFE's announcement of its collaboration which includes DRRX. Remember last week when I said I was waiting to add because it was moving into resistance? I looked at buying more yesterday but missed the break over 1.35. Whether it is worth chasing or not is anyone's guess.
Thank you very much Mr. Daytrader. We know you want to short this rocket on the exhaustion gap so that's ok. I especially liked this part: "Zalicus has the right, at its sole discretion, over a period of two years to sell up to an additional $23.0 million in shares of its common stock to Lincoln Park under the terms set forth in the agreement. Zalicus will control the timing and amount of any common stock sales to Lincoln Park. The agreement may be terminated by Zalicus at any time, at its sole discretion, without any cost or penalty. Proceeds from any sales of stock will be used for general corporate purposes, including ongoing research and development, and may also be used to repay outstanding indebtedness or to acquire or invest in complementary businesses, products and technologies."
Nice to know there's a discretionary cash reserve. Hope you're nimble and are good at picking the top.
Sentiment: Strong Buy