Replies to post #31805 on Ariad Pharmaceuticals Inc fka ARIA

[AmpleKind]

pom: "price is being held down" and "how much longer before that price escapes their grasp?"

Who's holding it down? Why?
And yesterday..., why weren't "they" grasping it and holding it down yesterday?

Ah, mysteries and the occult!

[bellweather1]

It's the end of the quarter, the stock is no longer as oversold, it's retesting the sma50 again(high 17s), and it's still in a downtrend,

therefore, traders are playing the ($16 to $18)range,

and some institutions are still selling short-term(and at a slightly better price) to avoid the negative association of a losing stock at the end of the quarter.

Until one understands these dynamics, people are inclined to postulate all kinds of hobgoblins to explain what is merely the effect of normal technical factors on the stock price.

And, until we break out of this downtrend decisively, such factors will continue to rule...