Hold on Longs New Year profit takers and AF gave us a fire sale

6 בינו׳ 2014

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