You might be interested in an ugly triangle. I've reached my goal for the year & its caused me to sort of shut things down except for short term trades. I can't put in the link but google this:
"Charts: Dow Now Facing Critical Level
Looking at logarithm-based charts, it appears the bull has reached the edge of the pasture."
Tell Tappy scripts for Memorial week are next week. Memorial week will be Scripts for week of 5/30. Which means this was 5 day numbers.
5/23 - 204
5/16 - 218
5/09 - 227
5/02 - 199
4/25 - 163
No matter how you spin it the numbers are not impressive. Investors better hope June shows some bigger moves in the numbers.
Adam Feuerstein wrote an article yesterday "The Seven Deadly Sins of Biotech Investing."
I think he used ATRS as a case study.
I'm not a fan of Feuerstein since I don't believe writing articles for The Street pays enough to afford his lifestyle. He has to be getting kickbacks from some hedge funds. I also blame him for causing me to sell KERX way to early since I never blame myself for investing mistakes.
For a number of reasons but mainly due to expectations for a lift of the clinical hold. Their also a buy-out target so that's a possible bonus.
David, did you read Adam's article yesterday? "The Seven Deadly Sins of Biotech Investing."
I laugh just thinking about how it pertains to this board.
There's a guy who lives in Ohio. One morning, he hears a voice in his head. The voice says, ''Quit your job, sell your house, take all your money, and go to Las Vegas.'
He ignores the voice. Later in the day, he hears the voice again. Quit your job, sell your house, take all your money, and go to Las Vegas.
Again, he ignores the voice. Soon he hears the voice every minute of the day. Quit your job, sell your house, take all your money, and move to Las Vegas.
He can't take it anymore. He believes the voice. He quits his job, sells his house, takes all his money, and flies to Las Vegas. As soon as he steps off the plane, the voice says, ''Go to Caesar's Palace.
He goes to Caesar's Palace and the voice says, Make your way to the roulette tables.
He goes to the roulette tables and the voice says, Put all your money on red 23.
He puts all his money on red 23. The dealer spins the wheel. It comes up black 17.
The voice says, #$%$%k.
I know a few guys who loaded up @ .42 - .44 after J.N's tweeted how cheap the stock was this week & i'm sure there were a number of others looking for a quick flip so I wasn't sure the stock would hold the gains. JN mentioned the company would have some catalysts in a few months so $1 would be a good target in the short term.