Went long right after the no taper announcement, thinking I'd add on a pullback....No pullback in sight!
The company has a $2.5B market cap when lead drug profits are years away. In other words, the stock is way ahead of itself. The CEO and giddy analysts can promote the stock all they want....at the end of the day, when no one wants to bid the stock up higher with profits years away, the stock falls.
There's also recent talk about the prohibitive cost of juxtapid, and possible reimbursement issues down the road. Today is showing a slight technical bounce in the stock, so only time will tell if this downtrend becomes protracted, or just a temporary pullback.
By the way, for those here who think I'm someone else or the alias of a previous poster, I'm not. Most traders enjoy a substantive discussion that highlights both sides of the trade. I don't have any position in AEGR, and I certainly wouldn't go short for several reasons. I'm long ISIS......
The first report came out that SRPT was rallying on the GSK/RNA news. Why wouldn't this news benefit SRPT, as there's now no competiton?
Get in now....The competitor failed.....different drugs....SRPT works....that's all you need to know. Keep it simple.....watch the tape....We'll be green before the open....
Exactly...The government has way too much power, and esp. the Fed. This entire market is not based on fundamentals....But I would think in a potential crash situation in the near term (like we may be creating), the flight to safety will include all precious metals and SLW will soar.
Saw the short attack in pre-market, bought in pre-market at $33.27, held my breath when it dropped to $31.92, and watched the smart money take over......We're going over $75-$80 when this gets approved (or more).
You have dueling Fed governors playing good cop bad cop. Neither the Fed, nor the markets have any idea what's going on. Then you have a president with no leadership skills whatsoever, who either can't make a decision, or when he does, he has no support and loses credibility.
Wealth disparity has never been greater in this country. The Fed is stuck in a box with nowhere to hide. We could be in for a very serious market crash in October.....
The Fed's are playing good cop bad cop, and they have no leadership skills whatsoever. Neither the Fed, nor the White house is leading this economy higher. The Fed will probably never be able to taper, and the market is probably setting up for a crash, given the bubble and horrible fundamentals.
That all adds up to a flight to safety, i.e. buying gold and silver, esp. SLW.....
Twfry, they have absolutely no credibility. More importantly, Gold and Silver should be rallying on the overall market weakness...and I think it may reverse to the upside yet today.
The leadership at the Fed is unbelievable. They are trying so hard to manipulate and manage the markets, and they're failing miserably. This market should crash, in which case gold and silver should go up, but who knows?
Last week when the market rallied to new highs the day of the Fed announcement, it was a blow off top. The volume was high, it was euphoria, that week there were record capital inflows into the market.
It takes time to confirm this, but I think we'll see a bear market (over 20% correction) very soon, even though the financial media will try to tell you it's a seasonal time to buy stocks.