It does seem dividend payers are under pressure but you're probably on to something with them taking profits at the end of the quarter. Volume picked up at the end of the day on most divi stocks I follow.
It bought for a quick short run. It wouldn't be a big deal if I had to hold it for 6 months or so. Bought it cause it was noted in IBD, all the "technical" info looked good such as MACD, Bollinger, 50 day moving average plus Biotech stocks are pretty hot right now. Seemed like a good time - until the news comes out the same day. Does your gut think they will overcome this problem or is it going to hang around forever - much like the problems MO is going through with law suits.
I appreciate your insight dhohhi. I just got in to BTGC today. It was bought based on the volume and direction the previous couple of sessions. It seemed to make sense at the time. My buy price is at 15 3/4. Would you suggest hanging on or taking the lumps and moving on?