The one area people are forgetting is the weak market over the last 6 trading days. A week ago Friday we started a downslide and then Monday we needed to get that NAZ 5000, so everyone on CNBC could tout the last time in 2000 we went to those levels. Since that phony pop on Monday its really been some good carnage with a day of flatlining. Reality is this market is very skid dish as 19 countries have already lowered rates (Including China twice, Australia, India, and Canada) in 2015. If the global economy is so great then why is there a race to lower rates and devalue ones's currency?
Even a mention that a rate hike was just around the corner dumped US equities on Friday after the bogus contrived NFP numbers. Considering we had the great bank stress tests results after the close on Thursday we still couldn't muster any buying power.
My point is that the market has sucked since a week ago Friday, yet our little biotech has had a nice increase in volume and a very good price movement upward, so my feeling is that something big is going to happen this month. You don't make these type of volume/price moves during a weak 5-6 day period in the markets based on an SA article unless there is something behind it.
A partner or any real comprehensive data revelation on one treatment and this could double overnight. By the way my buddy in Costa Rica said all is great and he would phone me next week when he returns. I'm not sure if all is great meant PPHM or the hotties and cocktails he is enjoying, while I live in this hell hole they call the Northeast?
