RE:PharmalaIt's amazing how many investors begin to freak out (i.e. those on CEO) when a stock pulls back. No stock goes straight up, there's always down days and pullbacks in there too. So many of those investors have some unrealistic views on how stocks move day to day, week to week and month to month. The long term technicals are strong and bullish for this stock.
If an investor is in the stock for the long-term then just hold your shares and accept the down days with the up days. If you know how to read technicals then you can try trading your shares. And if you believe the company has accomplished nothing to this point and has nothing for the future, then sell and move on.
I think we all know the company has the potential for more news releases any day, any week. In the meantime, you make your own choices, nobody else can, those are your shares. Nor should anyone worry about what others do with their shares. I wouldn't be surprised if the stock trades down to 25 cents while we wait for news. Pull backs are healthy for a stock. They reset the technicals. That gives the stock more room to run past the last high and establish a new support level. However, good news can always swing this stock back up at anytime just as bad news can drop it past support levels at anytime. This pullback is based on overbought technicals. How far it retraces depends on those who sell and those that hold and/or buy.