It has support at the 21 day moving average. I loaded up yesterday after it pulled back 8%. Next level would be 2.50 and I will buy at that price if it breaks under 2.69.
Well it's definitely looking like a head and shoulders now, I'm hoping that it can get one more sequeeze back up to 3.20 or so to really short this thing, though I think it taps 2.40 first.
STSCsigns a Farmout Agreement with BPS Operating Services LLC, located in Jackson, Mississippi. The deal could see the company owning a 75% interest in producing oil wells.
I checked this and agree, they burn through cash on a product that basically generates no revenue. I did cover today for a nice 15% profit tho, will wait for next peak to short into.
I also think they will need to issue more stock soon. I thinking it should be above the 4.00. So I'm holding for that purpose not it actually getting FDA approval.
Short float is 1.66%. This stock seems to trade in patterns as of late. I've been buying on 10% pullbacks and selling the same day it's working well. I try to hold a 1000 shares at all time just in case it goes off.
Ah yeah, I'm only on a 1-3 week tops holding pattern myself, usually only 5 days really. I've been burning too many times holding these speculative companies and my account isn't big enough to hold enough of them to make money, if I do I only pay them as lotto tickets.
Well, you can short, but IMHO I think it's bottomed and I'm going to hold my new position. Since I going to be a long term holder, I'm not going to get nuts over every fluctuation, but if you can make money by trading, good for you.
Possibly, the reason I say head and shoulders instead of new year bounce is because pop up came from 2 one minute candles and looks purely like short covering, not new buyers.
Hmm, head and shoulder? More like it bounced after the pre new year sell off. Went back and closed the gap at 2.50. Next gap is at 4.00, which will probably be tough.
Should be a nice ride back to 2.80, maybe a bit more squeeze before it shuffles back down into the 1s. Chart is a classic pump and dump model, shame if anyone is "invested" in this haus.
thanx. besides for the smart money, I also am long on this with a small position. Considering getting more. At the least, it seems like a logical acquisition for ISRG
Valid concern but last years news. IMO he was not on top of things to the boards satisfaction and they let him resign to save face. He should have seen , advised and revised the timeline for approvals better, once again just my opinion. The device works well in trials and should continue on path to approval in 2015. A lot of smart money is involved.
Any idea why the COO resigned? Rumors?
In my experience, sudden departure is usually misconduct and not job performance. But sometimes misconduct causes liability for the company.