Nice bounce off of the .25/.75 fib line at 2.50. .382/.618 is 2.10. I think the sell off was a combination the AF
artivle perfectly timed at the apex of the pennant
; and new year profit takers that had been waiting 6 months to lock in profits. I am sure this is what AF
(cramer) and his cronies had in mind and seeing they missed the boat and need to pick it up at a lower price. His claim on 30 year old technology is a joke... I digress... Without news, INO
should come down to 2.18-2.10 in the coming week. I will buy or sell everything I can depending on how it bounces or breaks down off of the bottom trend line
. With the upcoming conferences, all of the press, short increase and huge float all this should make fora interesting month.
Long 48,900 shares at $2.06