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Re: flipper44 post# 65312

Thursday, 06/23/2016 4:26:47 PM

Thursday, June 23, 2016 4:26:47 PM

Post# of 703801
I don't know about rotation; that would be nice, but I think you were right about the pending Brexit vote being a big factor. Who knows how long big dogs have been slowly pulling big $ out of pharma stocks with exposure to the EMA. ... and I think the early read is that there will be no Brexit. Maybe today's big gain was early anticipation of price movement to come tomorrow and for a while, or maybe just the tip of the iceberg today if the Brexit gets denied.

Mavericks post yesterday did not actually quote the head of the EMA, but it sort of quoted a restatement of something the head of the EMA said along the lines that a British Exit would result in immediate and complete chaos for the EMA. I don't know when the head of the EMA said that, but I can imagine that $ probably started moving out of the endangered stocks immediately as a result, and are now starting to flow back.

Or (less likely) there is good news around the corner that has leaked. The two are not mutually exclusive. Your speculation that the possible Brexit could be clogging the clinical pipes, or regulatory pipes rather, via budget or other angles, may have been right. There may be some big dogs that believe decisions have been delayed in wait for this vote.
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