I can only play with my 401K in this stock as I have a 'safe' bank account. The volume screams of MM. I also would not hold this overnight as the big day traders are playing games. When double volume is traded as it was today I get concerned. I love the stock but are you ready for a drop? I hold zero shares of GALE but have seen this happen in BIOTECH time after time. I will buy under 2.75.
I have followed these 2 top notch biotech investors for years. I had INCY at 5 bucks a share a few years ago. I sold cheap and the stock price is now $40 plus. These 2 are the best of breed and I would be much better off following their investments. Harvard MBA and Stanford Ph.D. They own a bunch of HALO,SGEN, PCYC and many others. They f-up on ARIA but you cannot win them all. I am going to buy HALO on a dip. My INCY and SGEN short trades will haunt me for years. Couda,woulda ,shouda. I trust these 2.
It would be nice if I had billions of money to send a stock down like the hedge funds did today. I waited and sold and made a whopping 600 bucks on a 48K order. If I had have sold earlier I would have lost 2-3K. I am sick of this $s but the SEC seems not to care. I am going to Las Vegas where I have a better chance.
It seems that companies do not give a rats #$%$ about laying off people who are only numbers. Lives are being destroyed and families are going on food stamps and unemployment. I lost my job and got another one in 2 weeks but my unemployment was going to be $365 a week when I was making 80K a year. I have lost all faith in the USA. If I did not have kids I would be out of this ## country.