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Alias Born | 01/02/2003 |
Tuesday, August 14, 2012 10:57:35 PM
I can't for the life of me explain the price drop other than to believe it will just be temporary and offers a great opportunity for those who want to increase or start a position. I commented several times over on Yahoo how to me it is similar to what happened with SGEN after they received approval last August. Take a look at their chart and how it popped on approval to over $22 then traded in a range between $17 and $22 until May when it started a run to $28 then falling back some after their recent qtr but still higher than its old range.
I think we are in a similar pattern; then all of a sudden the sentiment will change without notice and we will start a nice uptrend taking out multi year highs in a short period. Obviously this is all just my opinion but I can't believe we could be held down for much longer, there is just way too much potential here.
I have been buying what were supposed to be trading shares from $5.11 down to $4.34 up through last week. Each time I thought we would have a nice 5-10% pop and I was going to trade them out. That hasn't worked out too well yet, but I am confident it will.
Good luck and let's keep reminding the regulars over in the cesspool to come join us, the air is better over here.
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