while I appreciate the fundamentals and comments, my "PSYCLE sm" just began positions in LIPO today around 6 5/8, with a stop below recent months lows, in properly diversified portfolios, for a pot. pop up towards 8+ area, then perhaps, when/if it can break out, towards the gap, around $ 10+ anyway (we'll see at that time, I'll follow up for you all) in the next 3-6 months....
looks like a decently depressed double-bottom base (similar also to CCLR, which I began a thread on today, check it out) in the "biotechs/drugs" group, which the marketplace often rotates to, as the secondaries/tertiaries kick in, which may (have been) be happening... ....in any case, best wishes, keep close stops, and please understand, I do NOT employ "stories, scenarios, or fundamentals"...mostly long- existing, repeating technical patterns and human behavior contrary patterns....we shall see....enjoy, |
