Inovio Pharmaceuticals Inc (INO)

[mackwheaton]

LOL, the same could be said of shorts,so your comment is taken with a grain of salt.

The vacuum created by an absence of evidence is naturally filled by reasonable doubt. Shorts prey on this knowledge.

When Inovio has risen on no substantive news, it has quickly given up those gains. The same rules apply to a precipitous fall like we have seen the past few days, again on no substantive news.

Technical analysis is more a blunt instrument than a precision tool so many wish it to be, so I do not see the predicted falls to xx or yy week moving average as a certainty or a necessity. I think we are more likely to see a move to 1.85 or 1.95 than 1.45 or 1.35. But TA true believers can hang their hats on this falling to 1.67 which was one of the key technical levels. I don't think retracement to 1.40s 1.20s etc is a necessity.

Ultimately market perception is that this stock should hang around $2 pending any news and the algorithms simply saw an opportunity to run at and cull the herd. As panic subsides life will revert to the norm until the wolf pack regroups and sees another opportunity to chase it down. Either trade the volatility or tuck it away and don't look at the PPS until you plan to sell in a year or five.