Over 1.5M in the last 30 minutes. They were buying into the close and then the daytraders left for the day!!! Nice close!
This volume is off the charts! It would be a kicker if there was something released prior to the conference, wouldn't it? Loose lips ...
Most are probably praying for some REAL volume to cover into, at this point. They had better hope it's not a crushing spike like the last time!
Hate to say it, but there's got to be "something" to this besides just TA. Upcoming conference, potential news ... whatever it is, 5M in volume on this kind of move says someone knows somethin' that all you longs figured out quite awhile ago.
cre8...thanks! I'm just an armchair technician. Like to learn as we go. Appreciate your thoughts! I'm assuming you meant we are not overbought? ;-)
Oh, it was relevant!! Just came back and saw the volume! Holy COW!!
Ex ... with this volume, would you call it a blow off top? (Not selling any ... just curious)!
Funny you should mention that: I DID have 50K INO at .38 and sold in the .60s! I never "chased" it and it's over $3 today! Sigh ...
Have to be careful, though. We don't have a short problem here and any spikes on no news in biotech are like blood in the water to them! Be nice to digest and consolidate a bit here before climbing. How do you see it, "technically", ex?
Reminds me of when I tried to trade around a little bit with RMTI under $4 and ACRX from that level. Had I simply trusted the fundamentals and bought and held, I'd have made a lot more $$. Not trying that here! Holding tight ... and thanks to a lot of the old time longs here for "keepin' it real"!!
Well, we're seeing more digestion at the $7-ish level. Once "whomever" gets their fill, we move!! Big fish eating little fish, it appears!