MNK - critical zoneMNK is testing a lot of weekly resistance in this area, volume really needs to show up.
Opiods
MNK - Ascending TriangleMy earlier call was a bust and we saw MNK bounce nicely off the .382 FIB and maintain the ascending triangle pattern.
I expect a pullback from today's gains, unlikely to bounce in the trend line, will set my entry and I think we will test 3.90's before earnings.
Ascending triangles can form a reversal pattern at the end of a downtrend, but they are typically continuation patterns.
DIRTY JUDGES & POLITICIANS. LAWSUITS SHOULD BE THROWN OUT!IT IS SIMPLY OUTRAGEOUS TO HOLD ANY PHARMACEUTICAL COMPANY LIABLE FOR SCRIPTS DOCTORS WROTE AND SCRIPTS THAT DRUG STORES / PHARMACIES FILLED BECAUSE OF THE DOCTORS NEGLIGENCE!
WHY DON'T WE SEE CVS, WALGREENS AND WALMART LISTED AS DEFENDANTS? THEY KEPT FILLING SCRIPTS...DIDN'T ANY RED FLAGS FLASH ON THE SCREEN..?
IN FACT, WHY DON'T WE SEE THE SALES REPS FOR THE PHARMACEUTICAL COMPANIES NAMED AS DEFENDANTS? THEY VISIT DOCTORS DAILY PUSHING THE DRUGS TO THEM!
DOCTORS DO NOT HAVE TO WRITE SCRIPTS FOR PATIENTS BUT THEY DO AND THEY KNOW THE SIDE EFFECTS OF WHAT THEY ARE PRESCRIBING BECAUSE THE SALES REPS TELL THEM.
WHY NOT SUE THE DOCTORS? THE DOCTORS, MANY, IF NOT ALL, ARE NOT INSURED NOR ARE THEY CASH RICH...ONE SMALL LAWSUIT WILL BANKRUPT THE ENTIRE INDUSTRY OF DOCTORS!
THE CORRUPT STATES GO AFTER THE EASY MONEY BECAUSE THEY KNOW IN THE END, IT'S NOTHING BUT A SCAM. IT TURNS OUT TO BE A HUGE PR FIGHT TO RUIN BIG PHARMA SO THE PHARMACEUTICAL COMPANIES ARE AFRAID OF THEIR REPUTATIONS BEING RUINED & THEY CAVE IN AND SETTLE LIKE HENS IN A HEN HOUSE BUT THERE'S NOBODY LEFT TO COUNT THE CHICKENS!
AS FOR THE STATES TRYING TO USE A LAW SIMILAR TO...READ ON...
N. A STATUTE (DRAM SHOP ACT) OR CASE LAW IN 38 STATES WHICH MAKES A BUSINESS WHICH SELLS ALCOHOLIC DRINKS OR A HOST WHO SERVES LIQUOR TO A DRINKER WHO IS OBVIOUSLY INTOXICATED OR CLOSE TO IT, STRICTLY LIABLE TO ANYONE INJURED BY THE DRUNKEN PATRON OR GUEST. (DO YOU EVER SEE BIG LIQUOR COMPANIES SUED FOR DRUNK DRIVING FATALITIES..? NO, BECAUSE THEY CANNOT WIN!)
THIS IN ITSELF IS OUTRAGEOUS AND SHOULD NOT STAND IN A LAWFUL COURT OF LAW!
THE CASES / LAWSUITS AGAINST THE BIG PHARMACEUTICALS ARE VOID OF FACT AND EVIDENCE! THE PHARMACEUTICAL COMPANIES DON'T EVEN KNOW THE VICTIMS!
WE FEEL BAD FOR THE FAMILIES THAT LOST LOVED ONES BUT TO GO AFTER THE PHARMACEUTICAL COMPANIES FOR SOMETHING A DRUG DEALER SOLD, A SCRIPT A DOCTOR WROTE OR A PHARMACY FILLED, IS SIMPLY CONTEMPTIBLE AND DISGUSTING!
USE THE WEAKNESS TO LOAD UP / PICK ON DIPS, BIG NAME PHARMACEUTICAL STOCKS INVOLVED WITH THIS OUTRAGEOUS UNLAWFUL MESS!
DON'T GO ALL IN UNTIL THIS MESS IS OVER! BUY THE DIPS...KEEP LOWERING YOUR COST BASIS WHEN A GOOD DIP HAPPENS.
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Kempharm could be moving big soon.Kempharm is looking at a possible resurgence in stock prices... The most recent news from the pharmaceutical company is positive, with a successful test of an ADHD prodrug. The current price looks like it is close to a fibbonaci level. If it breaks the downline and trends up, it would be a recovery from a strong downtrend, but the historical prices of this stock are within a fairly high range and it does not seem out of the norm for the price to go up again. The target price on finviz.com is $12 and there are some big insider trades that have taken place, both possible good indicators of the stocks expectancy to go up. From here a rise to $12 would be a 200% gain.
