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StockSavant

08/06/13 1:30 AM

#5034 RE: mackwheaton #5033

I totally respect your thinking. Good Luck to you too bud. Hopefully we can both get a decent pullback to gain a few shares. It's going to be a VERY interesting week that's for sure, 45% gain to start the week is crazy! That kind of move on a Monday with no news tells me we could go higher this week, but we'll see.
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CDub73

08/06/13 5:38 AM

#5038 RE: mackwheaton #5033

Sounds plausible to lock in a few profits. Nothing wrong with that. Biotechs are a whole different kind of monster though.

Curious to what kind of dip and rip we'll see today. RSI is high, but that might not matter once the catalysts are revealed. Took some profits on the way up. Still holding an all or nothing position if it doesn't pullback.
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mackwheaton

08/06/13 10:00 AM

#5065 RE: mackwheaton #5033

Usually with volume and volatility like this we see a huge influx of traders. While that always happens, I suspect this stock is getting a whole lot of institutional and retail investor support. That may minimize any potential retrenchment. It is looking good today, that blast to $3 yesterday was a last minute anomaly, so as far as I am concerned it is really just consolidating at its real close, which is excellent news for longs. Good luck.