Imagine a 63 Billion, that's a B as in Billion Market Cap stock
losing 29 % of it's market value, in one single trading day.
It happened today to Biogen, the biotec stock darling,
when the company withdrew further reasearch on it's highly touted Alzheimer's drug,
that was it's main drug in it's reserach and develpoment pipeline.
Line Break/ Chart shows the stock plunging thru all chart support in a single day
executing on a Head and Shoulder's Pattern that had been building for months.
As I have often said, the stock market is a much more risky place than most would even imagine.
In Biogen today, big money, and I mean big money, simply did not see this coming.
BIIG Last 226.88
THE_UNWIND
3/21/19
Mountains/New York
losing 29 % of it's market value, in one single trading day.
It happened today to Biogen, the biotec stock darling,
when the company withdrew further reasearch on it's highly touted Alzheimer's drug,
that was it's main drug in it's reserach and develpoment pipeline.
Line Break/ Chart shows the stock plunging thru all chart support in a single day
executing on a Head and Shoulder's Pattern that had been building for months.
As I have often said, the stock market is a much more risky place than most would even imagine.
In Biogen today, big money, and I mean big money, simply did not see this coming.
BIIG Last 226.88
THE_UNWIND
3/21/19
Mountains/New York