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Post by otherottawaguy on Jun 20, 2014 8:44:15 GMT -5
I am watching three biotecs this morning showing what looks to be abnormal opening volumes. MNKD opened with 500K which is a big opening, but one usually associated with some sort of news. Additionally I am watch EXEL and it showed a 250K open which is very odd, on no news. And the last one UNIS, WOW, opened with 250k which is about 25% of the avg daily vol and again on no news.
All three resulted in drops of about 1% for MNKD, EXEL and UNIS.
Wondering if anyone else has noted this in their favourites, and if they can proffer an explanations? Triple Witch Friday?
OOG |
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Post by brentie on Jun 20, 2014 8:57:57 GMT -5
I am watching three biotecs this morning showing what looks to be abnormal opening volumes. MNKD opened with 500K which is a big opening, but one usually associated with some sort of news. Additionally I am watch EXEL and it showed a 250K open which is very odd, on no news. And the last one UNIS, WOW, opened with 250k which is about 25% of the avg daily vol and again on no news.
All three resulted in drops of about 1% for MNKD, EXEL and UNIS.
Wondering if anyone else has noted this in their favourites, and if they can proffer an explanations? Triple Witch Friday?
OOG OOG, Dendreon appears to have done the same thing today. Down 2% on 572,000 shares, their daily average is 2,474,000. |
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Post by otherottawaguy on Jun 20, 2014 9:17:21 GMT -5
There is a Biotec index fund IBB, it didn't show anything interest vol wise out of the gates, but is showing a nice 1% upward climb that has yet to abeit.
OOG
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Post by BD on Jun 20, 2014 10:03:26 GMT -5
brentie, that avatar is... fascinating.
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Post by brentie on Jun 20, 2014 10:09:02 GMT -5
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Post by babaoriley on Jun 20, 2014 10:50:03 GMT -5
Wow, Brentie, I hope Technosphere can be used for Dramamine!!
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