Yep, down we go. Wish I'd have sold before heading to the golf course today. Will sell some in the morning. I'm still hoping that someday this will be a $10 stock. Maybe sometime this year.
Actually, if you look at a 6-month chart of the XBI you'll see that AVXL should be above $10...so I think it's way undervalued (oversold) right now. (See 1/12 thru 1/31)
If the XBI continues to break down, I agree that AVXL could fall further. But if the XBI hangs tough--like it did today!--I fully expect AVXL to continue its climb above $10.
We should know which direction the XBI is heading by the end of this week.
Missling commands zero respect and from Today’s conference after almost 1 year sounds they don’t have the data ready. I’ll sell some and buy back at $7
9 out of 10 times you can bank on those thugs in Washington to mess up the debt ceiling debate until the very last hour before dawn. You know what that does to the markets.
Keeping some firepower ready to buy the sudden dips is prudent.
Who knows, for a change there may be no agreement this time.
Then in a couple of weeks the Fed meets and the guessing game starts; what is Powell going to do? what will he say - his outlook for the year going ahead? Throw in fake AI generated news/video (like the one that showed Pentagon burning). Who needs a stable and fair market?
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