Replies to post #2456 on 123Tom's TA study group

[jxyzobrien]

Story related
Since no market operators support it when its sold it just goes down
to old lows

AKRX - i owned at 2 bucks made a small profit sold. the company came out
with a great pipeline of products so 2 to 57 to 17.5 now up again.

http://stockcharts.com/h-sc/ui?s=AKRX&p=W&yr=5&mn=0&dy=0&id=p63351355867

[Rwingsguy]

When looking at a biotech stock like IPCI, keep in mind that it has only something like 3% institutional ownership. So there's no support at all when momentum players and traders sell. Some of the other biotechs, like MRNS, have 80%+ institutional ownership, and therefor may not collapse to the same degree if there's a gap up on news.