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Biogen Inc. Message Board

southbeach69fun 1 post  |  Last Activity: Oct 12, 2015 2:36 PM Member since: Mar 2, 2007
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    This will never go below 68 . Mark my post

    by herzigr Oct 12, 2015 1:10 PM
    southbeach69fun southbeach69fun Oct 12, 2015 2:36 PM Flag

    It must at the very least test the recent low of 51, so it will go lower than 68 during the retest once this short squeeze bounce is over.
    People that had bought OCT naked puts were up HUGE so able to buy stock with risk free upside for a few weeks instead of just selling the naked puts up huge. Thats the real reason for the big bounce from the bottom after such a huge decline. So once that risk free upside is over at the end of this week, it will sell off again. Maybe even brake the recent low of 51. But at least test it. MARK MY WORDS. Even if on way back to 250 it will go to 60 first to test the low. Easiest short trade ever is over 70 to under 65. If it brakes 65 its a jackpot. But even as it cracks 68 thats a win. Which is what this clown says will never happen and i say will definitely happen. In fact, I would only become bullish after it comes down and tests the low at least once, and proves this isnt just a short covering profit bounce ready to crash again.

    Sentiment: Strong Sell

256.04-8.63(-3.26%)Oct 13 4:00 PMEDT