I pulled the trigger on a slightly bigger chunk than usual yesterday at 2.56. When it retagged the bottom of the support zone it seemed like as good a time as any.
I’m not saying it won’t go lower. Anything could happen in this market. But I stuck with the gut feel that fundamentally there’s nothing wrong with the stock, it’s doing very well. At some point you need to have conviction and I’m not a short term trader unless there’s a dramatic spike upwards. Still have reserves if it keeps falling.
I note that some other spec bio’s on my watchlist with good fundamentals that have dipped hard recently also rallied today. Too early to say if it means anything.
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