Dec. 16 at 7:25 AM
I’m back for another swing dance with
$ASBP, buying an initial position last Friday, and seeing if the uptrend will continue today, December 16, before completing the position.
$ASBP is competing for my trading with another pharmaceutical,
$TNXP, which is showing a textbook First Step Up pattern, which was so successful with
$TURB last September, with
$TNXP currently pausing at its 50 Day SMA.
$TNXP has its own true believers as
$ASBP does. But true belief alone is typically not enough to move a stock. Announcements, drawing outsiders’ attention to catalysts and potentials starting to be made real are what drove
$SMX up 15,605% recently, which
$SMX management expertly kept releasing to sustain their upmove as long as they did. Just look at
$SMX’ News feed over on that page to see what I’m talking about.
I am still ticked at
$ASBP for drawing my attention away from
$SMX Thanksgiving week. But maybe
$ASBP can start making it up this week. If not, I will again look elsewhere.
