$Macrogenics (MGNX.US)$ I need to stop looking at this! Grrr...
$Macrogenics(MGNX.US$ I need to stop looking at this! Grrrr! Hehehe
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Jaguar8 : But why oh why it’s good
TrytosaveabitOP Jaguar8: Hehehe!
Salmon Klein : what's going on? why is good news no presenting or presenting? it is just a stupid conference
TrytosaveabitOP Salmon Klein: Right! That’s why I said the rapid crash to 9.20 was a overreaction and a great buy opportunity! And I was right! It bounced higher than it was before close! Hehehe
Salmon Klein TrytosaveabitOP: o hell way higher indeed...it is a turnover of 60%!! if you catched the dip!! mmm this company has 300 M cash but last earning report sucks...let see how the rest fo the weeks goes
TrytosaveabitOP Salmon Klein: Oh you can bet if I woulda caught the dip instead of posting? I would already be out! 6 bucks a share profit in 30 minutes! Way enough for me to sell! Hehehe
Salmon Klein TrytosaveabitOP: well you never know...mybfeeling is that both are overreaction....trend is dowmwards it may keep like that or consolidate in the 13-14...
have you seen Paramount news? what's your opinion on that one?
TrytosaveabitOP Salmon Klein: The possible SKYDANCE merger rumor? If that’s what you’re asking? Yup seen it! Not really sure yet! But back to MGNX! Most of the time financials don’t play into my trades! This was a example of a perfect setup for a momentum trade! Has nothing to do with fundamentals or the chart / indicators! This trade was all about human psychology! I’ll explain! The drop was a overreaction to the news! I knew as soon as it was digested for a few minutes. People would see that it wasn’t a big deal at all! Then they would use it for a opportunity to either buy in or add to their positions because nothing had really changed! The data that could be a catalyst for a PI was still going to be officially released just it wasn’t going to be released at the conference! So the things that has them invested in the first place hasn’t changed! And that’s why it recovered so quickly! Yes nothing to do with fundamentals! Pure human psychology! Hehehe
Salmon Klein TrytosaveabitOP: yeah as most of the time here hehehe