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OldBen

08/27/12 7:41 PM

#3093 RE: lovethatgreen #3091

One day left for sure...
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vip1999

08/27/12 7:56 PM

#3094 RE: lovethatgreen #3091

You might be right about the retail shorts today for it has pass the $5 mark. I will test to see if I can short 100 shares in the morning if it pass $5 again. I don't see a lot of shares available... for retail shorts anyway.

As a long, I agree we are due for a correction(a healthy one) to sustain the march forward to my target $8 and Bio's target at $20 and everybody else in between. I also agree with Biotech's and its peaks and valleys type of trading, correction might be a while.

For someone that is still on the fence(I know you said you are not), the longer they wait for a correction that may not happen until it hits $20 or $30, it would be very hard to stomach.

Never the less, everyone has their own strategy when it comes to investing/trading. Fundamental is very hard to ignor. I am willing to add more if and when it correct itself. GLTA
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No-dough-go

08/28/12 5:00 AM

#3103 RE: lovethatgreen #3091

Maybe...maybe not. It did appear that the recent normal amount of buying was offset by shorting and the spate of buying in the last few minutes is what kept it from going lower. The RSI is not TERRIBLY high but stocks with this kind of run are usually targeted by shorts which, due to the uptick rule, stifles upward pressure and without sufficient buying interest to offset it, "normal" selling will drive it down. Obviously, all of this assumes no cataylst in which case all bets are off.