Good call Eagle, I pulled my buy orders at 19 and 19.5 this morning after the eerie silence at the open, TA trumped FA today. The lack of interest is intriguing, supply and demand tells the truth, and it appears the market has decided (for today atleast) that these results didn't meet expectations, Timing is very important too...and the biotech sector had cooled off somewhat in the past week with battery metals and the coming supply shortage having taken the markets attention away, also it probably didn't help matters with IMU getting locked in a TH at the same time freezing biotech investors funds. Id personally like to think that 18 will hold up as support, but wont be loading up the until there is a confirmation of a bottom.
PTX Price at posting:
18.0¢ Sentiment: None Disclosure: Not Held
