is......still alive and kicking
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
If $9 is broken, I will admit that the positive pattern has been broken and I will deserve rotten tomatoes and raw eggs to be thrown at me!
Tomorrow is another day where I will expect to be slapped around...........ha ha
😇
Oh well , just another missed promise! weakness is breaking down the pattern unless we get "a surprise"....ha ha
Yes...ha ha
FWIW.....the curved channel is holding up and we are moving from the lower end and we might get an upside "surprise"
Missling still owns those 232,000 shs which he decided to hang on to from his 500,000 option exercise (cashless)....cost basis $8....nice, he can now buy a Big Mac, fries, and a drink
makes sense & hopefully proves its worth on humans
Latest re-balance numbers for $AVXL which I just remembered from an old friend, stock seems to be going forward in spite of this:
here's the most recent XBI rebalance changes. 9/14 to 9/15 weighting reduced from .402488 to .283592 and shares held reduced from 3,056,869 to 2,220,357 (-836,512). Rank was dropped from #98 to #114. On last Friday's rebalance the weighting was reduced from .302873 to .270441 and shares held reduced from 2,384,212 to 2,150,977 (-233,235). Rank dropped from 103 to 106 out of 122 holdings in the XBI.
Since the XBI is keeping it closer to 1/3 of an equal weight it doesn't have a very favorable position. Since market cap is still 700+ mill it doesn't appear in danger of being dropped for the XBI near term.
Biotech Group still hot!!!
Surely the IBs (investment bankers) want to cut some M&A deals before the year is over and get some bonuses....
👍️
To those who don't believe in watching the VOLUME:
Check volume for $AVXL and $ANVS.....my guess is a take out is coming soon for $ANVS
Not quite clear on what you mean, tradeherpete....
.....but $ANVS needs money and the CEO has been buying albeit she has a very low cost basis already...but damn, she is clear and keeps her shareholders totally informed and remains confident....I have been and still am very impressed with her.
Jimbo50
Yeah, I agree with that about the shots, etc. and I will admit that I bought into the story with the millions of people dying and my medical issues and risks because of that and my age factored into it....I also have all of the covid booster shots (my wife and rest of my family did NOT take the latest one)...I also took the RSV shot which I was told to get.....my bad....I'm a dummy & paying for it now!
As for $AVXL, I had suggested that the channel we're seeing is a CURVED CHANNEL (often seen in commodities that go "parabolic")....I see that we are now at a critical level where it is a "do or die level", i.e. at the bottom of that channel with current upside projections of at least 13 to 15 "...IF" we are able to punch above that 10.40 to 10.50 level....or.......we drop back and the pattern is broken....I'm saying.....UP!!! wrong before, so take this as my 2 cents...
Happy New Year
👋
Yeah, I never argue with taking a gain, however small....but day trading is for young warriors, no longer for me & I sleep very well, but go to bed EARLY...🙂
Yes, when I was much younger I was treated with Cipro for my prostrate for 2 months....luckily much later it was prescribed for something else and I found that I was then allergic to it....ha ha
What a merry go round
Leo,
I think you're right about the Santa Claus Rally which supposedly started 12/22 and ends 1/2/2024...I'm thinking a "pop" up to, at least 13-15 pretty soon, maybe someone really starts the fireworks in biotech.....🤗
Anyone shocked at how $ANVS vs $AVXL is performing....I smell some sort of take out of $ANVS unless the thin trading by some interests are just foolish. I've always said that I highly respect their CEO....she's an ace.
Right you are, Xena!
Pfizer is getting a payback for their "efforts"....the stock is down sharply after making billions! I personally made a big mistake in taking all of these shots, the latest mistake I made was getting that RSV shot which played havoc with my immune system...I took EVERY shot recommended all of the latest flu, pneumonia, and covid...I think some people I know never had the problems I had.....I must be really stupid.....my bad....🤕
The wind is at our back after 3 terrible years for biotech!
I had a lot of skimming to catch up to after being absent since Friday....I guess I understand the back and forth debates somewhat, but what is more important is that the whole biotech group is pushing up, finally! This helps $AVXL even without news and the technical picture is pretty nice, so far.
Some take-outs are noticeable now ! Those M&A guys are certainly making !Bs a Merry Christmas for them personally.
I think once we push up past the print high of around $10.40 or so, the next spot to eyeball would be the $13 to $13.50 area which would be nice to see...
Good luck for 2024, it seems to offer a nice potential up...$XBI .surely, taking out $95 points to, at least, the $101 area short term and $110 to $120...in my eyes.
Thanks, when I saw that illustration that was presented I could not figure out the impact, just wish there were words to explain it better.
..you certainly helped!
Merry Christmas!
Ignatiusrielly35
I believe your response to Steady T is correct and it seems a bit confusing to many because of the way settlements on trades occur along with SEC requirements on following Reg Sho reporting.
1) If Reg Sho was followed by the MM's who use this most of the time because of their SEC exemption of "NAKED SHORTSELLING"...the mms' think they can effectively hide this with in and out trading creating new timelines that the SEC is not able (or not willing) to follow.
2) This allows the hedge funds to play this game easily by working with the mm's....unless the buying interests are so strong that the mm's are trapped.
Again, should the SEC decide to correct the settlement on trades to occur each day and enforce reporting to the SEC immediately....it probably will not happen.
Thanks, Kiwi...best wishes for:
A Merry Christmas and Happy New Year ! Steve
Not sure how many here use the Force Index off and on, but I was comparing the exceptional thrust up as the stock blew off to 31 or so, it was extremely powerful during that period, actually eye popping...the last thrust down of importance was indicated on the bust down below 9 of lesser degree. This seemed to be a quiet period, then the turn up after the trading below 6.....my thought was that we were about to punch it hard again on the upside....I was wrong, my bad...(using weekly chart)....Kentucky replied to me on the AVXL board about the backtest & it looks good, I will shut up and see if we can turn this ship around!
I liked your comments:
"Hopefully when finally we see full data on EXCELLENCE and the P2b/3 AD trial, likely as peer reviewed papers, it may be more irrefutable findings."
😊
Steady T....thanks, that is a great and complete outline
As I see there were 2 ways to go and it suggests that option 2 might be considered, but you are correct the process is long....would be nice to have the Excellence Trial information in our back pocket...not sure if that can happen before December 31st as was indicated by Missling. You are a valued poster here.
Hope you have a great Christmas!
Kentucky123
Looks good to me, now let's get the momentum back....I think they say that Santa Claus Rally should continue from 12/22 to the 1st or 2nd of January otherwise it will be similar to 2008 (going into 2009) which was a bad outcome....hope that does not happen....had I been day trading I would have gotten into trouble yesterday!
Best wishes for a Merry Christmas!
I think we just need to wait and see if the seasonal and normal "Santa Claus Rally" comes into play, since the kabosh happened in the overall market just like a bomb going off......but I'll admit Adam F and his friends timed this at a critical inflection point and stopped this move in $AVXL perfectly. I misjudged...my bad.
yes, red in the face....got a hard slap...
yes, using the high @15 and then across appx 10..we'll see if this was a wash out which hit the whole market at the same time, but the big turn would need to bust those 2 spikes in June and August of this year...both in the 10 area....oh well, let's see if we can get our footing again.....the market is normally going to rally in this period, so I was thinking we could push higher....oops! ha ha
Yes, it worked for him after calm trading most of the day, then the whole place went D O W N in fire later.....
☹️
Ouch! that was a clean rejection at the wall (4 year....200 Weekly SMA).....swallow and re-assess.....too bad
ignatiusrielly35
Sounds like the plan they may have....I guess this sudden decline in price was a shakeout, clean out....I think the close will be important over the next 35 minutes to see how well we close....hopefully, it will be quick and we return to challenge that 200 sma weekly chart resistance which is 4 years old....!!!
Surprises always happen and I see that Adam F will try his verbal attack in putting Chris Missling as a bad CEO....made fun of the chart (I actually found it somewhat confusing, too)...he also made fun of the EMA direction that was given to Avanex (I'm sure he knows more than I do, but I found that as a weak attack)
Show me the decline first then...........
"show me the money"....Jerry Maguire
k9uwa
The idea that the EMA needs 150 to 210 days does not make sense if they are convinced that this treatment is less costly, safe, and effective without all of the various requirements of other available options....a pill, no infusions, PET Scans, cheaper...gimme a break....approve this quickly!
🤩
The "Give Back" has so far been very, very moderate, the volume continues to be robust which I take as bullish since the effort by the Adam F comment has had little to no effect as of now!. Yes, it's still early with more than 3 hours of trading...the sign of a strong stock is such that it doesn't give back much for the bearish players to re-assert their goal of pushing down the price and causing the longs to worry. I think that the weekly chart resistance at that 4 year moving average is most probably the key inflection point. Still think 13 and now 15 are reasonable target area with the potential to explode....I might be wrong, but that's what I think is possible based on my observation of trading action...
Same wishes for you and family, too!
I think I am able to still have a good quality of life and glad that our whole family will be here at our home for the holidays, don't think I want to be away this year, so we will have guests right here in our comfort zone...ha ha
I am one who certainly appreciates your comments here to keep the conversations ongoing, you provide needed information to consider and are able to withstand debates.
Merry Christmas!
Thanks!
Bourla is about as bad a CEO as I can think of and is a big corporation, too: check the stock price decline during and after the $$$$ billions $PFE made during COVID..the market is not stupid. Decline from around $55 to now approx $27.
In considering $AVXL....the current price does NOT reflect his damning opinion of Missling from the low price level below $6 to now approx $10....the market is not giving him a tip of the hat right now.
Actually, I do follow Adam F because he does have pertinent information and attends a lot of conferences, especially the big JPMorgan Healthcare Conference...he gives the bottomline and quick notes...
Merry Christmas! 🖐️
boi568
Excellent response...I do think you might be right and your last sentence makes sense to me!
Strady_T
From my litigation experiences, I have found that Europe moves faster than the USA at least on legal matters....the "appeals process" in America is a long journey and time consuming problem and why big business just wears the competition out...not sure about medical practice, but surely in litigation matters.
The rest of my comment included that I have been wrong before....but that I believe it goes higher and that 13 is a reasonable target (possibly exploding higher...yeah, that is hyped up a bit...you got me on that one!
🤔
I am not sure about that! It seems that the biotech group is just enjoying a dynamic change of opinion by important sector followers and history!
Just for kicks ICYMI:
Back in 2021 when the stock hit 31 or so, did you know that the RSI on the "weekly sma" hit a much higher RSI than where it registered today? That means no serious technical damage to me & RSI is my favorite indicator.
Additionally, the trend line down from 31 and across 15 was penetrated today..
..it gets a little better: the 4 year (200 weekly sma) was broken, too!.........finally the bear trend may be OVER. Remember the biotech group has been out of favor for a long time and many portfolio managers like rotation into prior weak groups in each new trading year....
Not 100% sure, but the momentum is strong and the volume impressive....yeah, I think it goes higher...near term 13 seems reasonable with the potential to explode up! I've been wrong before.............🤩
Hey, 25 is a worthwhile target!