I'm with you-
people on this board do have a way of "knowing what they own"...
until they(in 15secs)don't!
lol.
Even if this is a fake out intermediate top, the break(test) of 14.40 in Ariad, and 117(IBB) would, in this day of machine trading, be expected to bounce around in the low 14s to activate the stops of all the nervous longs and pull in more hungry shorts.
Unfortunately, probably won't know for a day or two if this is real-i.e. the beginning of something bigger, vs the end of the latest scare(fake out).
So, the answer is, there is no clear answer, in terms of the larger market.
However, in terms of Ariad, the upside potential still outweighs the downside, in the intermediate term, so I'll continue to hold.
