Some commentary from me on recent market action plus chart commentary on some of our recent picks. $GTXI $TSRX $SGMO $DRRX $SGMO $FB $BBY
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4 thoughts on “Corrected Video: Market Commentary + Trade Watch Update 7/13/13”
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Hi Scott.
FYI
When I search for DRRX on the site I can’t get to the original article as I get
Fatal error: Allowed memory size of 67108864 bytes exhausted (tried to allocate 782065 bytes) in /home/stockmat/public_html/wp-includes/formatting.php on line 1119
Anyway do you still have 1.4 ish as your target?
Ta
I don’t think the article is still on this site. It was only a trade call months ago — a failed one, so the answer to your question is no.
I have this stupid “stock signal” app that gives a recommendation based on some secret formula of div-convergence. I use it mostly for chart analysis and to review lower indicators. The signals are always “sell”, “buy”, “strong sell”, or “strong buy”. DRRX is listed as “get out!!”. Don’t know how they came up with that but I’ve never seen that signal in the 6 months I’ve had the app. TIFWIW.
A lot of small cap biotechs are over bought and due to correct, so it does not shock me.