Inovio Pharmaceuticals Inc (INO)

[mackwheaton]

I'm not a technicals investor by any stretch, but I have my own version of TA, I call it dirt bike TA. If the upward slope of a stock reaches an incline that a dirt bike could not navigate, absent of news, I sell. I expect it to fall below the price at which I sold. It works for me time and time again. If it doesn't work this time, so be it. I don't think we are at a point where this level of movement is sustainable. I think there has been an enormous inflow of traders that may cause a downdraft that will enable me to re-enter at a lower level. If I am wrong, I'm still holding a 320% gain in less than a month on my buys and sells. I still think this will be a $30 stock some day, so whether I am back in at $2.50 or 3.50 with a core position may be irrelevant. Good luck to you.