Post by
mingzhu on Oct 04, 2016 4:16pm
SP is going to test low of $4.43 tomorrow.
It is holding off 3 attacks. I believe this time it will break. If we see impairment charge again in qtr 3 financials, $2.76 is the next support. Tax loss selling will push SP graudually downward. The only hope is that some new drugs sell well to make up the loss of UK and North America sale in late of 2016 and2017.So the guidance for next year will be at least like one this year . The longs should really look at the new drugs to see if there is chance.
Comment by
Buriedincxr1 on Oct 04, 2016 4:41pm
We will break it in the first 15 minutes. Expect news release by company regarding margin call and tomorrow will be a 5-8% down day. It's like clockwork