QURE has been an extraordinarily strong performer since summer of last year, quintupling to $26+ a couple of weeks ago. The stock has since dropped a quick 20%. I plan to watch this tomorrow, and to buy on strength. My ultimate price target would be around $24, although I'd take first profit sooner. I like the fact that the company has a fair amount of cash in the bank, and no immediate need to dilute shareholders. But major catalysts are still a few months away, so I'd keep this on a short leash.
Trade active:
sold 1/3 of the position I established this am. Stock is up impressively, but volume does not confirm that strength. Will bring stop on the remainder to my entry at 21.07.
Trade closed: target reached