The final hour when combi began to cave....the volume on the ask side increased to stop the drop.....so some people are beginning to protect their investment here from an old fashion cbmx selloff.....still....after days of a strong run up, there may be a profit taking or some sort......I still think the real wall is 2.00 before the rally stalls
Cbmx 200 moving day average is 1.83, we are seeing the fight to push past it right before our eyes, if passes then it will be at 2.06 within a week but it will be a bit of a dogfight.
that's alittle too high.....If you get in at 1.83, place your sell order at 2.03...I have had my sell orders bought in the last 3 days...and I have re-bought on the dips....I have been setting my ask 8 cents away...to tease the trades...but I have an IRA day trading type account that offers flexibility to buy and sell all day, with unlimited trades per day....
I just called broker to confirm I wasn't hallucinating, but I'm seeing a couple of big orders to sell at 7 (seven!) today. Wow, wondering if something is going on, like right now.
Sentiment: Strong Buy
CombiMatrix Corp (NASDAQ:CBMX) has a short ratio of 4.54. A high short ratio indicates that the market is overly pessimistic on the shares while a low short reflects mildly bearish overhang. The 1-month %change in short interest is -12.9%. Over the past 3-months, the short interest has registered a change of -33.43%. A negative %change in the short interest reflects that bears are losing grip while a positive %change in the short interest points to a strong bearish pull over . The shares shorted in the past 1 month are 0.031 times the total outstanding shares. In the preceding 20 days, the volume is 1.05% of the total shares outstanding. Daily volume has averaged 116,198 shares in the past 20 sessions.
I hope so too. Been holding this for awhile and finally going up on some positive news. But I have little fait on a price holding on news alone unless it has to do with revenue or earnings. But hope your right and I'm wrong. GLTY!
Digger's right. -21 cents actually compares well with Q4/2013, which was -$2.12!
But it is still $2.2M in the hole. The absence of lawyers fees will make a big difference, but nothing will change things like getting revenue up to $15M/Year.
.20 is a small negative....and the lawyers fees are about all over....still thinking combi will reach over 2.00 before settling down
I think we'll see a pull back to the 1.53 range. According to "Earning Whispers" they're going to report a neg. (0.21) earnings. FinViz's estimate is neg. (0.19). Neither is showing much growth so it isn't likely any real breakout will be seen just quite yet.