Jul. 8 at 8:19 PM
$CALC maybe, just maybe, biotech is on the cusp...XBI and IBB are showing some signs of real life finally after years of malaise. If it continues, CALC's very deep-value that exists because of some persistent seller could abruptly end. One good "swoosh" of huge-volume-buying could take out the seller. If that happens, I see us quickly returning to the 3s and 4s. Just the release of the long-term, relentless selling pressure should cause a strong, sustainable rally once it gets going, IMO.
All this hinges on whether the biotech market really is on the cusp of moving strongly northward. Most of my other bios are behaving very good presently. CALC is not participating but, again, I believe it's a single party with a lot of shares to sell at the root. I can't surmise another explanation. CALC has some substantial catalysts starting late this year....science addressing markets with blockbuster potential....it may be a great buying opp that might soon end. JMO.
