InvestorsHub Logo

bellweather1

08/05/11 1:49 PM

#11610 RE: JJM760 #11608

True-

we can't fight it. But we can anticipate that some coordinated debt rumblings in europe coupled with QE3 Fed rumours and a close above 1204 in the S&P should signal at least a short-term bottom-

This hopefully will encourage our shorts to cover, and discourage further dumping in the near term.

Due to the above, I purchased a trading buy at 8.69.

I too believe this Ariad selloff is way overdone!

Best all,

bw

joyakid

08/05/11 4:21 PM

#11628 RE: JJM760 #11608

Institutions are buying like crazy, too. Far too many sellers and for each one... lots of buyers here at fairly low bargain basement prices. Many are getting a bargain with ARIAD.

GLTALs.

j..