wily, Sure, there is a confluence of factors working against KERA here. Don't forget sellers from the secondary at $13, those who bought between $29 and $25 all got margined out, and VISX had bad news recently which, while not impacting KERA directly certainly didn't help the image of this sector. The market is looking for wireless, linux, e-tailers, etc. and could care less about correcting vision right now. There has also been a lot of tax loss selling because there has been a lot of money made the past few months, and not everyone is holding their hot stocks for "the long term".
I have no doubt that KERA, at these levels, will provide a profitable return, even if it is only as a buyout! |
