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Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns:

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To: The Ox who wrote (3524)	6/26/2014 2:41:19 PM
From: The Ox	Read Replies (1) of 8250

Looking a little closer on ICPT, the likely place to rebound would somewhere between where it is now and the low 220s... That would keep the basic pattern in tact. No reason that it will play out that way, as we know the traders can take it wherever they want, so to speak. I didn't even realize that there were 2 new analysts who came out today with market perform ratings... No doubt one of the reasons the selloff has been gaining momentum to the downside. 3 days ago over $284, today under 238 and steadily falling.... At any rate, unless you are nimble and have a tight stop in place, hard to see why you would add here instead of letting the pattern form first...either a higher low or a breakdown below the previous one.

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