No worries ...
Have a great weekend, all! Nice to have this out of the way ... onward and UPward!!
Makes sense ... there have been some huge profits made there this year.
JAZZ in 2009 at about $8 and VRTX at $9 a few years earlier. "Took profits" on each and left many thousands of dollars on the table. I'm just gonna let this play out!!
There's no way they lose anything. They shorted at the top, put out their hit pieces filled with innuendo and lies and probably covered into the huge volume during the downdraft! Time will tell ... if we don't hear any more griping from them, their job is finished here! Turds!
Now it will draw in traders, but also lift us from under the radar and people will do some sleuthing and DD!
Looks like they ran out of $4.30 shares ... "someone" got their fill, and the MMs let it go a little?
Not necessarily, kadenstorm ...
Those of us here might question the "pop" because we've been waiting for it, expecting it. Our volume right now suggests that some traders are getting out on the 10% rise. I would suggest those shares are being gobbled up by others who follow IDRA, specifically. Wait til our stats of being up 10% on HUGE volume today hit the screens. I submit that it might encourage lots of new "investors" to do some DD and follow the bread crumbs the BB and GENZ boys have been dropping. Don't be fooled by today's action.
Was planning on it, but am surprised it is still under so much pressure! ALMOST pulled the trigger, but I guess I'm not "sold" on adding, quite yet, even though longer term it won't matter.
Got some other issues on the radar today, too!
And, yet another classy I.D. Seriously? Who are you, Bart frickin' Simpson?
We are just along for the ride ... seen it before in some of my most profitable biotechs. Seemingly delayed reaction and then a steady move towards "fair value". We'll see how this plays out!
kbutt ... didn't mean to be negative. Just saying that the IBB is not cooperating and signaling a bounce back for all of biotech, YET.
I'm not negative, at all. In fact, I have been rethinking my level of risk/reward again and saying that most of the "unknown" or risk has been removed this a.m., for me, at least. Let the jerks at the likes of SS spin this negative ... I'm adding shares!!!
Tough to hold gains and go up when the ETF is fighting you all the way!
But, just remember ... both up and down, volume always precedes price! We are getting some "cover"age today and, hopefully some "coverage" from new analysts!!
Someone was either on the wrong side of this trade or wanted in ... and, they're not done, yet!
We have POC, $$$ in the bank and support of some of the top funds and mgmt. in the biz! Buy the dips ...
Hi Deep ...
Lost track of you, as well.
Heavy into biotechs the past couple of years.
Yes, this is one of my favs! But, we're being screwed with by some of the Wall Street trolls, of late!
Hope you are well!