Who won in the end???
Looks like the shorts...
Not saying its RIGHT...
but lets be realistic.
I'm glad to see MELA finally moving north...
I WISH I had averaged down BEFORE the big move.
BUT I can be fairly certain (based on past experience)
that this WILL be shorted back down;
and then, AFTER the hype and commotion has dwindled away,
(read: no one here cares anymore)
I will be able to average down at a reasonable pps,
and watch MELA trade up slow and steady based on merit, not....
It works the same for all these biotechs...
they get good news and it runs up...
then the flippers bail, followed by the shorts taking it down.
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