Replies to post #112 on Acadia Pharmaceuticals Inc. (ACAD)

[ralfalf]

I was looking at jumping back in(wife's acct) early this week but it's unlikely now. I 'm surprised seeing a move like this off news of a PP @ $1.20, certainly seems like a positive though. I thought it would pull back closer to the PP price towards the close. It is down a bit after hours but the volume is tiny.

My ASTM made an almost identical move today, up 25% on over 10 M shares, but made a steady climb through the day and closed close to the HOD. It's up after hours but again on light volume. It will be interesting to see how they play out tomorrow and through the week.

Biotech stocks have done well for me this year. A double on ACAD in a month was so nice, holding YMI since $1.13. On YMI the latest ratio of institutional buying vs. selling is like 18 shares bought for every 1 share sold. I think we'll see similar stats with ACAD, ASTM and others. Hoping DDSS shows a pulse here soon, in there at .93

The money coming into ACAD, ASTM and others is really nice to see.

Good luck here with ACAD, looks like a winner to me.