Patients will have to go to Europe for the Iclusig. I really think the FDA knows the importance of saving lives and will get this drug back on the market before too many patients die from not having it.
I actually remember when PCYC was $8.00. Great chart and traded it on technicals, but never held it. I would have been retired by now if I knew it was going over $100.00 in less than 3 years.
We should see some light on Sunday evening. ARIA has been beaten up so bad, I think it has no where to go but up with a few bumps in the road. Most of all the news is already factored into the price now. The risk reward is still great IMO. I look at it this way, we can drop another 2 dollars or we can explode to the mid teens eventually. The choice is yours. I believe there will be nothing but good news from now on once the dust settles.
Sentiment: Strong Buy
Lets wait and see. The stock is now trading as if its waiting for news. Thats why it hasnt been moving much. The chart does tell me future price movement now.. Most times the fundamentals of the stock come out in the charts first before the news hits. That could be why we are now trading in a bullish chart formation.
Any kind of news that would put this drug back on the market with warning labels is enough news to propel this stock for another run.
Look at the 10 DMA. That is your short term support and where big buyers come in to buy. 10 DMA is now at $4.38 and should bounce off that price and hold it. As soon as the volume drys up and there are no more sellers, thats when ARIA should make another run. But the news this weekend could be the catalyst also.
Read my previous post. We are in a Bullish pennant after a huge run on heavy volume. Tapering off now on low volume as ARIA is consolidating sideways. Setting up for another run to the upside.
There is always a shakeout before the next run up. whoever is selling now will regret it come next week.
Sentiment: Strong Buy
Wait till next week, Longs will win shorty. Trading sideways in low volume after a huge volume spike, waiting for the news. When the news hits the Market, ARIA will pop before you know it, possibly gap up without notice. Dont say you were not warned.
You are crazy. Do you know how many cancer patients will die in 2 yrs? Then they better get their prescriptions in Europe.