Ahhhh I agree. I just think they run what ever paly they can think of and then see what's working. I think it turns around MINUS any actions from USSR.
Europe is going to have to inflate because they are getting deflation.. That means the dollar strengthens. When this happened before in 2011 / 12, all the hedges shorted oil and it went to $80. So they are running the same game plan that worked back then until they see that it will be different this time. The Ol "works till it don't" routine.
Sentiment: Strong Buy
I just bought some WRES. PE aught to sky rocket now that it went heavy into NG especially in the Marcellus Utica regions. Just look at these companies like RRC. Everyone thinks oil is the place to be, but NG gets you more respect in the market.
Maybe that is a buy signal? HK up .20 after it's earnings, so why not learn from that?
$5.00 just has to be a steal here if it gets that low.
What has driven the stock up is what is to come which will not be changed by this report.
And patterns do break with the likely hood being statistical, so it's do. I'm more concerned with the market effect itself. But if it shakes the tree, then the fruit that is left will simply be sweeter.
You guys could be right. On the other hand ......................... if the stock encounters resistance and fails, then a triple top is in place and it should turn down hard which is what they are playing.
I believe the MARKET itself may be the cap on this bios run. So I sold the close and again will buy in if it breaks out. Too much downside risk for .30 something cents.
Today and tomorrow should be the big move days of this run (minus news events) as the MACD goes positive setting off fast money buy signals. What will be interesting to me is how much selling we see at these levels to know if this run will be the one to get us to $16. My guess (optimist) is that it will, but I do expect institutions to sell into it on the belief that they will have one more opportunity to get back in before the fall run.
It's really a factor of volume. The stock is already extended. If you break the up trend line of the last few days, (and it is close just look to the right) the buy volume will disappear and profit taking will set in.
Minus news, this really needs to pull back and consolidate before you can have ANY idea of what kind of resistance lies ahead.
Looks like somebody big wants to close their short before tomorrow as they are buying everything in the afterhours.
They know this move is going to trigger technical screens with everything from gaps to trend line breaks, to moving average milestones and on and on.
The GILD taunt was a nice touch too. But with the success they enjoyed with C, they might just want B too.
Strange that the sector was strengthening, but collapsed after NAT went xd. That tells me that the interest to "play the game" just isn't here yet even though the fundamentals are pointing up. My guess is that unless the market forces better valuations overall, that it should start soon as SEA is close to over sold and an MACD cross. Another week or two.
Thanks Jack. It is easy to get too optimistic every once in awhile and I have to go back to the chart. You forgot to add over valued bios and the worst for sector seasonality so little to no help from the ETFs and the market as a whole.
And with all of that, MACD is just about to go positive. :)
Remember Horace Greely, "Go long young man, go long."
Since I've had so much response to that question, let me ask another. If the MACD cycle was still negative and the stock had a 400k to 600k volume day, which direction was the normal direction of prices?
We are still in the downtrend till we break it, but this is already trading better than the last down cycle and I would venture a guess that this attempt at $13 succeeds on the next up leg towards $17 if we have the patience. Good luck buying size now.
More of a wall than I expected it to be without any support structure to back it up. Just another bump in the road as we turn build the flat top triangle for the fall run.
Come on indexes!
“The U.S. is funding the studies with a hope that the medicine will treat such diseases,” he said. “We are leaving it to the U.S. on how it plans to take advantage of the medicine.”
There is that dreaded and fickle federal spending again. My guess is this project could already be history.
All time dependent based upon timing and maturity of the products in development. Monday morning? $13 would be enough to kick off the bidding and maybe, maybe close the deal as most funds would be happy to record that gain in the current quarter. And THEY control the stock now.
I just don't see it this year really. Statistically, the 1st quarter sees the highest percentage of these types of deals for " developmental " stage bios. It is an easier sell to your shareholders if you pay $20 for a $15 dollar company than $20 for an $11 one. That's why they happen then. And the October - April run should get us there all by itself if Peramivir is approved. More with a bad flu season. So time is a key component now.
Positive: Extreme respect as a company for science in the industry as seen by the partnerships. And how many developmental stage bios can actually borrow anything from anybody?
Negative: High burn rate because they didn't wait to have a product to support this model.
Boy this is truly boom or bust, with the market playing out most of the bust scenario already. I like the odds for the Oct - April seasonal run to have positive news maybe on several fronts. I will buy the August to Sept dips for my January effect play this year. But this could be as good as it gets in the next couple of weeks if I draw downtrend lines.
The mills just moved to different locations as more steel is made today than ever.
The only other way to move crude is to lay pipe which isn't practical beyond where it has already been laid. And those pipes pass through areas that make them vulnerable to .... tampering. The problem is or has been one of greed leading to mismanagement.
This has ALWAYS been a cyclical, boom / bust industry and one of the last to recover from recessions. Bottom line is that it will come back. This isn't like the horseshoe industry unless I am missing something.
The real key to investing is understanding the cycles of industries. When to be in and when to be out.