Idera Pharmaceuticals Inc (IDRA)

[Citrati]

Everyone is entitled to their tea leaf. The current ST trend is sideways with a 3.50ish base. Baker Bro bought $20million at 3.75. What is going to drive it lower than the 3 year 50 day at 3.25?
http://stockcharts.com/h-sc/ui?s=IDRA&p=W&b=5&g=0&id=p96675546711
http://stockcharts.com/h-sc/ui?s=IDRA&p=D&yr=0&mn=6&dy=0&id=p81788406691
6 month indicators are showing a rise off the bottom. There are some coming events.
The charts are not presently showing a drop of that magnitude. Fundamentals are still solid.
Sure it is possible, but not a high probability yet.
Today gave us a bullish engulfing candle. Confirmation tomorrow could start a rise. That has a higher probability right now than 2.75. I can see why you came up with the b/o level 2.75 as a target, but that is a 100% retrace. The 3.45-3.50 zone has held for 8 straight trading days.
The worst 3 days of IDRA down draft in last 2 weeks were the big down days for IBB and general market. you haven't referenced those, only IDRA continued degeneration.
All IMO and according to my tea leaf.
So would be very interested in the principle facts behind your tea leaf projection....Thanks
Good Trades to you as well.
IDRA