Ariad Pharmaceuticals Inc fka ARIA

[BTH]

I think todays selloff was a little ridiculous. They're dumping everything. Maybe tomorrow a.m. gets ugly and there's a rapid turnaround by 10:30 am.

what's really changed since two weeks ago? Not much. I really believe this S&P downgrade talk is seriously causing people to dump equities.

I have various moving averages in ARIA that I am looking at: WMA 200 at 8.71 on the daily. On the weekly, I have the EMA 20 week at 9.83 which is strong and has signaled a medium term low on two major occasions and it's trending there. To be honest, I really hope it doesnt get there because that will mean that market sucks ass and I am still invested quite a bit in equities (just not ariad). I would rather miss buying Ariad cheap, than see the market go to crap.