Doc, I don't know. I was just thinking.
The strong side of CKFR pricing pattern is,
--- It holds together much better during the recent market slump than it did in July 1996, which does indicate shifting toward strength;
--- It broke out the $25 high recently, after a very long and nice round bottom started fom the old $25 highs made in 1996. It seems we are in a consolidation pattern, looking like a "Cup with handle." The $25 level seems to be a solid support as we recently bounced back strongly from the $24 and $25 twice. Eventually, this baby should go up and test the $30 again, and hopefully next time it does, it breaks out toward the dream price we all are thinking of.
The weak side, however, is this baby failed to move above $30 twice and bounced back strongly from the top. So I guess we would have a lot of basing work to be done here.
The current CKFR price pattern seems very loose. Unlike that before the breaking out, we had a very tight range. I don't know what we should read from this. (People feeling good one day, and then bad the other day ?)
I agree with you, we probably will not go back to below $20 again because that was the base we come off from, unless something is terribly wrong. In which case we should not buy anyway.
You probably know why I asked the question early about how many shares Intuit still holds. I was hoping some major shareholder(s) are going to dump large trunk of stocks into the market and give me a good buying opportunity.
While Intuit seems have done their selling work, what do you know about Intergrien's warrants ? Are they going to cash it in and then sold it right away ? Are they allowed to sell ? Can we tell ?
On a separate subject, Doc, do you know any biotech stocks that is worth of buying at this moment ? While I like the reward potentials of biotech companies, I am scared like hell ever since I lost 30% in two days when I bought Geron at a glamerous price. It was a good thing I used a stop loss protection order, first time in my life. Otherwise, I might have lost even more.
As a medical professional, you might have some good suggestions. Thanks. |
