TOP GUN

[BooDog]

I'll give a couple thoughts;
SVNT Vs. Tang: Tang loses but because of their own embarrassment they sell the max they are allowed to sell while continuing to short. Though Savients gout drug continues to gain ground overseas and find new buyers it isn't enough to overcome Tangs bashing.
When I am looking at a stock and seem to be the only one looking I get a case of the heebie jeebies. Either I have something right and no one else wants to chime in or the wise short is watching me getting ready to crash and burn and keeping his mouth shut. It's a gamble position that goes right along with no risk no reward. My indicators say I should have sold and waited for a positive sign so if I wasn't in, I'd be waiting for the shake out which looks close. Risk some powder on the dip? The clock is ticking to get a delist notice 7-8 more days plus a couple days for NASDAQ to process it. Will .66 hold? Ichimoku could doesn't think so. Hate killing a position and then having to clear out part of it as a wash, why can't i see the future better??

YUP-- Good advice?

" Tempted to move EVERYTHING back to cash in anticipation of the real summer slowdown or just keep a few things going into the Fall."


What was GBG on friday?

NWBO- just a penny pump and dump.. 160M shares and toxic converts at 20% discount to market...

Double top yesterday on the DOW so holding the 50DMA (12746) will be very tough imo (closed JUST under it @ 12741). Would like to see the DOW hold 12625, if it does we could take another stab at one last attempt to keep June positive. I just don't see the gusto to keep the market up right now so I am looking for opportunities to sell more than to buy going into July.

Not sure why GBG took the dip to .63 Friday, by the time I scanned for events I was too late and right after close @ 1602 it went right back up to .73.

NWBO ~ you played it right for sure, congrats! Just like Savient and just about any other bio that needs the $$, when the selling pressure eases, it'll pop again. .21/.215 support? Or the selling pressure pushes it lower. We'll see, maybe the "new eyes" will support it through the selling.