I am not as optimistic, I hope you're right though. I think it will take some time to recover but mid teens EOY isn't out of sight in my opinion.
No, the drop wasn't news related at all. If you look at the IBB, GILD...you will see the exact same chart during the drop. IMO this will trade in correlation to the IBB until actual news comes out, but I could be wrong...
MNK & HZNP are the only boards that I have come across to have a solid group of trustworthy posters. Anyone have any thoughts about INCY/IDRA? It might be foolish to have a sentiment based on Baker Brothers alone, but I mean their track record is insane...PCYC, GEVA, ANAC, NBIX (only a few, and just this year alone). Thoughts?
Nice bullish action today in an uncertain environment. Cup and Handle formation looking like a coiled spring. A break past 3.91 will rocket us up to the 4.50-4.70 range in the short term.
This will pop soon, it's inevitable.
Sentiment: Strong Buy
Bakers added a boat load, always a good sign. Institutional ownership increased tremendously.
Increased positions: 28,791,176
Decreased positions: 944,987
New positions: 10,377,453
Sold out positions: 201,795
My charts have a cup & handle that just formed a couple days ago...we're in breakout territory.
Smart companies capitalize on Ireland's low corporate tax rate. Nothing but good things to come...I don't even watch MNK day-to-day anymore. One day I'll periodically glance at it, see it's at $180, and continue about my day.