(Total Views: 298)
Posted On: 03/27/2017 4:13:54 PM
Post# of 15624
I agree. We're in no rush here. Good to see the stock in a steady channel ahead of projected news.
Occasional MM shake to see if weak hands will sell, then back into the channel. They won't really go after a prolonged walk down as all the dips get bought too quickly. The odd stop-loss grab no doubt. Without the volatility in the stock there's no serious play for the shorts here either.
We're right where we need to be. If we get the expected efficacy results within the companies announced timeline we get the upward kick. If they aren't as good as expected we see a drop although based on the last 8k this is highly unlikely. If the results take too long to come out, we'll see a steady tick lower until they're released.
I'm not worried, I have all the time in the world for this play.
Occasional MM shake to see if weak hands will sell, then back into the channel. They won't really go after a prolonged walk down as all the dips get bought too quickly. The odd stop-loss grab no doubt. Without the volatility in the stock there's no serious play for the shorts here either.
We're right where we need to be. If we get the expected efficacy results within the companies announced timeline we get the upward kick. If they aren't as good as expected we see a drop although based on the last 8k this is highly unlikely. If the results take too long to come out, we'll see a steady tick lower until they're released.
I'm not worried, I have all the time in the world for this play.
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