Fully long via short PUTS just about any stock with biologic agent being sold. Added short OCT 30 PUTS for $1.7 AZN belatedly today after they got approval for anti EGF tumor drug. IMCL "factory" still big hole in dirt in NJ. <g>. What is that expression about being first to market.
Did this morning's action signal that this one is headed for support in the 108 area? Trying to figure if I should cut my loss here (close to my 115 buy price) and reposition later. Looks like 108 is next support, and that the severe breach of 116 (prior support) portends a drop to 108. Appreciate your technical opinion on this on.
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