Yet another way to look at XBI crash, it started rising from August 25, 2006 from the level of $14.50 rising $76.50 per share to a high of $91. Friday it closed at a new low of 48.50, so we have retraced $42.50 for a 55% retracement from inception levels. Take 42.50 and divide it by $77, gives you 55%. Fibonacci retraces from the height of the measured gain, in this case from August, 2006 to highs last summer.
Yet another way to look at it--XBI started rising from August 25, 2006 from the average level of $14.50 rising $76.50 per share to a high of $91. Friday it closed at a new low of 48.50, so we have retraced $42.50 for a 55% retracement from inception levels. Take 42.50 and divide it by $77, gives you 55%. The height of the rise is what Fibonnacci uses to measure retracement levels.
Osiris isn't getting punished alone, the bear market grip on the sector is evident with many stocks down over 50% from their May-July highs, but the OSIR drop is greater, since the management errors produced a profound loss of confidence in their grip on their business. The dividend was the most glaring warning investors had, in front of a very bad quarterly report. I took my cue for departure after soaking up the beating the stock took following that report, leaving at $14 a share. Now OSIR has become the triple digit stock Ozark had predicted, if you count the cents after the decimal to make his 'pumping' projection true. You longs that keep averaging down even at this level are brave souls, I hope for your sake the bottom has finally arrived.
$3.01, and my guess is the lowest is biospeculator2014 at $1.80-1.85. Any of us could be that low if we had only hit the sell key at the right moment. Live and learn. Still have my shares, not adding more yet.
Great discussion thread Tau, many thanks. Although I know everybody is anxious to see a data release, and a fat rise in the stock price, I do think the impact of a release together with partnership or something confirmatory from FDA on trial design would provide staying power afterwards. If it's in the realm of possibility for the good Dr. Missing to bring it all together,I feel confident he's going to package this right, in the best interests of the Company and shareholders.
Check out VHC, I am looking at buying into this early next week. Huge opportunity after the win of AAPL suit, $36 Cowen PT last week, closing price Friday 6.99. I have made money with LCI, lightened my HZNP, am reducing my exposure as I believe the market will reach S&P levels of 1750-1775 as a short term bottom before going higher. Having said that, at support now at 1872, we may have a one or two day recover after Friday's rout before heading lower, then we'll have a rally to the 2063 levels, before a sharp down move to the 1600's. A good time to pick swing trade candidates. Look into The Chart Pattern Trader is you want the best advice, he does a video daily after market closes and has called all the swings since May ahead of time. Excellent!
I'm out with a small loss, too much market and sector risk, and the particulars here are too iffy. I entered at 1.20 and sold at $1.10 after seeing it this morning at $1.04. Good luck everyone.
Date Symbol Name Short Volume Long Volume Total Volume Short%
2016-02-05 HZNP Horizon Pharma Inc 873341 490186 1363527 64
2016-02-04 HZNP Horizon Pharma Inc 982887 562231 1545118 64
2016-02-03 HZNP Horizon Pharma Inc 1137644 1237318 2374962 48
2016-02-02 HZNP Horizon Pharma Inc 1708906 572040 2280946 75
2016-02-01 HZNP Horizon Pharma Inc 762088 473327 1235415 62
2016-01-29 HZNP Horizon Pharma Inc 630852 532427 1163279 54
2016-01-28 HZNP Horizon Pharma Inc 857960 899841 1757801 49
2016-01-27 HZNP Horizon Pharma Inc 1164818 589838 1754656 66
2016-01-26 HZNP Horizon Pharma Inc 504179 523866 1028045 49
2016-01-25 HZNP Horizon Pharma Inc 486599 388924 875523 56
2016-01-22 HZNP Horizon Pharma Inc 507819 399882 907701 56
2016-01-21 HZNP Horizon Pharma Inc 756029 852316 1608345 47
2016-01-20 HZNP Horizon Pharma Inc 1229592 922253 2151845 57
2016-01-19 HZNP Horizon Pharma Inc 1087765 1103147 2190912 50
2016-01-15 HZNP Horizon Pharma Inc 854179 901001 1755180 49
2016-01-14 HZNP Horizon Pharma Inc 1223030 1089199 2312229 53
2016-01-13 HZNP Horizon Pharma Inc 1384355 732694 2117049 65
2016-01-12 HZNP Horizon Pharma Inc 1431849 906172 2338021 61
2016-01-11 HZNP Horizon Pharma Inc 1090863 1024242 2115105 52
2016-01-08 HZNP Horizon Pharma Inc 653356 1025336 1678692 39
2016-01-07 HZNP Horizon Pharma Inc 708700 1026612 1735312 41
2016-01-06 HZNP Horizon Pharma Inc 421689 567028 988717 43
2016-01-05 HZNP Horizon Pharma Inc 509586 979763 1489349 34
2016-01-04 HZNP Horizon Pharma Inc 470345 830110 1300455 36
2015-12-31 HZNP Horizon Pharma Inc 711811 421345 1133156 63
2015-12-30 HZNP Horizon Pharma Inc 583409 489714 1073123 54
2015-12-29 HZNP Horizon Pharma Inc 396399 568950 965349 41
2015-12-28 HZNP Horizon Pharma Inc 335349 383536 718885 47
2015-12-24 HZNP Horizon Pharma Inc 211542 280271 491813 43
2015-12-23 HZNP Horizon Pharma Inc 1065018 1190343 2255361 47
2015-12-22 HZNP Horizon Pharma Inc 348495 367287 715782 49
2015-12-21 HZNP Horizon Pharma Inc 537197 441310 978507 55
The high of IBB was 400.75 intraday and 397.96 on July 20th. Your numbers are all figured from a mistaken top figure. The Fibonacci doesn't rule but is a guide, there have been many advancements in medicine and so many FDA approved new drugs that can't be retraced by Fibonnacci. I know you're trying to help, thanks.
I've seen nothing about a CC on Monday, only a CC for Feb 29th ER. What CC are you referring to? I took some shares off this week, the macro market is really spooking me, nothing seems safe, tech, bio, even banks are at big risk with currency wars with China, others, and their backing of the Oil companies with resources in the ground as collateral. Today's tech wreck spilled over everywhere, next week could start with an ugly Monday IMO.
Intra-day lows: 1872 made on 1-27 and 1812 made on 1-20. Either we hit one of these and gain support or we make new lows with support likely in the 1750-1775 area. These are the levels to watch put forth by Ron Walker The Chart Pattern Trader who has been calling these swings correctly now since May top.
I think you have been very smart with BIS, and selling all your IDRA shares at highs. This is difficult stuff here and risk aversion is everything if you're going to play. Keep posting. Thanks.
Gut check. Great close yesterday, but should we have sold as it ran into the close, anticipating it wouldn't hold? Whatever happened to the trending stock, like we had last year up to July? In this market an investor has to either adopt a trading mentality or have a cast iron stomach if holding long and through the volatility. Many here are holding a bag, waiting for this to come into focus with what we perceive to be true value. The concept of true value is currently out the window. Here's to hoping the ER will bring it back into focus. TW will deliver as usual, it's an amazing company in a harsh market.
Yes, agreed. We had a battle for 17.77 today, appears this is now broken resistance, although it wasn't apparent technically, we've been turned back there today the 5 times. OK, looking forward to seeing some more technical posts by you, now that the IBB appears to have bottomed.
By using words that are above third grade reading comprehension, I expected this to fly above the basher's heads, leaving them in utter confusion. I failed to account for sarcasm which is in his repertoire of standard replies. Hope you enjoyed the day vette, seeing as how longs won today.
Just as I posted this we broke above this threshold, and have already back-tested it twice, now just need to close above it and we're off to the races. This morning I was able to grab 500 shares at 16.39 and more a little higher. Don't usually arbitrage this but am working my basis lower on the swings. So far it's working. GLAL.