the market indexes are surging higher and having a great day.
hardly quiet. its nothing but uber bullish ,and green today. except for AVXL .not correlated to anything else on the market or the IBB or XBI. in my view. AVXL is its own unique animal, being whipped inside a cage,bleeding down and looking troubled in the share price, like a circus animal being whipped too much and crying out for some relief. we need a relief rally right now, at this 3 dollar station.a Christmas rally. The stock market is getting one . but AVXL price action looks blue, and weak. Its price action is being treated like an abused biotech child now. every time it tries to get back up, it gets slapped down more.
but not to worry,mates... it will stop bleeding down as soon as it reaches its true Bottom. the lowest point the shorts can take it. the lowest point the MM's can take it. the lowest point the company is willing to allow, etc etc... and maybe now, it looks like 3 dollars might not be the Bottom, as long as there are visible targets below, why wont the bleeding continue some more. what will stop the bleeding at this point, with no news coming for many weeks.? Maybe 3 dollars will hold. and AVXL will get some more porridge at Christmas time.
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