Inovio Pharmaceuticals Inc (INO)

[mackwheaton]

I'm not a technical analysis guru, but I've had a good feel for this stock on 4 out 5 trades I made along the way up and down. There are probably quite a few posters here that got in for the first time above $2 that are nervous, holding for a pop back over 2.

I think we trade plus or minus 15 cents (1.30-1.60) until there is real news or until the conferences heat up. Then we can track back up to $2. We sat in the .60s for a long time. Now this has more than doubled and more than just PRs are needed to play it out.

If you bought it as a trade above $2 you can lick your wounds and walk away now, but where are you going to go? Gold might pop again soon but when?

Patience is not a characteristic many traders have, but good ones recognize when it is their best choice. Unless you are margined into this or are cash poor because you overloaded, I'd say look at this as a long term cap gain for 2014, or at least hold til end of year and take some of the short term cap loss, if there is one, in late December to offset other gains or this year.

But by then HPV data is just around the corner... I'm not selling any of mine unless we get another insane move up ( insane defined as based on the thin air of speculation only). So relax hang out and enjoy the next several months at least, it's your best move by far in my opinion.