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Replies to #30762 on lowtrade

picheljitsu

04/17/12 11:49 PM

#30785 RE: lowtrade #30762

Thanks for that eval. That's why we gotta keep you running efficient :) I didn't consider the bump and run. Wasn't too happy with the volume today either. I took a position based on the fundamentals and chart. If it doesn't break through tomorrow, I'll lock in some of the profits, but I plan to keep a small position. Thanks for the heads up.

picheljitsu

04/19/12 2:04 PM

#30836 RE: lowtrade #30762

RGEN - I sold off everything @ 6.32 for a 2% profit. Didn't like the opening action yesterday. Kudos on the heads up, kind sir. I'm keeping it on watch. They have a priority review PDUFA date on June 21st with the FDA for Secreflow (used in diagnosis of pancreatitis/pancreatic cancer and their financials are in good order).

Now, to the chart. I'm thinking the 20dma will be support? If not, a collapse to the longer term uptrend? I know this doesn't really jive with your trading style and you preach not to find the bottom that way. I'm trying to find the right mix of technical/fundamental here. Thanks again!

$heff's DD
http://chart.ly/d8dky4u