Esperion Therapeutics Inc (ESPR)

[theordore]

ESPR: shouldn't we delay buying? The fundamentals do look good, and the market has crashed the price into a nice range; but look at the storm clouds around us: 10 year government bond yields in the USA and Germany, as well as oil, are saying "economic recovery on hold if not cancelled". IBB, XBI, and some core healthcare stocks have all had their long-term uptrend lines decisively crossed in the last few weeks (yes, the biotech bubble has burst).
The stupid market has pushed GILD, which has super fundamentals, down to a ridiculous price already. I think if I took the time to do a money flow index across the sector I would see that money's going out of the sector big-time these days. So where will we find the buying strength to push up the stocks that deserve to be at higher prices? That's why I'm thinking: "wait for now".