Alright so CRBP went up 22.6 percent Friday because they were mentioned in an article for why their stock has done much better compared to other biotechnology stocks. It seems to be volatile recently and I'm expecting a big drop on Monday (probably after market open) because of sellers cashing out their positions from Friday plus the stock is obviously overvalued. Therefore, I'm probably going to short it. Don't go into any position unless you see where the stock is heading on Monday. Better safe than sorry. Follow me for idea alerts and please comment for feedback. Thanks!
Kommentera:
Alright not a big drop today at the close but it went down near 4 percent so I was right about a big drop overall. Check out my latest idea for CRBP tho. I've noticed a head and shoulders pattern it it over the past month or so.