Infinity Pharmaceuticals Inc (INFIQ)

[THREE-DAY-TRADER]

Likely a short lived 'Dead Cat' Bounce' yesterday, which so far seems to be proving true. I speculated about this yesterday in pre-market, while yet thinking that the negative news announced 2 days ago is not yet fully priced in.
however, it's still holding up 1.24+ support lows, so we'll see what happens yet as things are not yet fully conclusive, & so that said--- I'm still waiting yet for the time being before going into INFI for another short term Swing Trade (daily chart trend reversal), but could decide to enter INFI at anytime.
I'm basically watching to see if that 1.24+ level holds.




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06/15/16 08:21:43 AM
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123312162

"it would not surprise me to see this have a quick dead cat bounce quite soon (but only temporary bounce)."
"I do anticipate that INFI will eventually be a good swing trade stock again for an upside trend reversal, as part of its customary behavior every 4-6 weeks, but so far being cautious.
I do think INFI is being excessively punished for yesterday's news, but that doesn't mean the market won't still tank it lower some more yet."