What do you mean it held today which is yesterday. It closed below 4.20 and I still think it heads toward 3.50. I could be wrong but that does look like what its trying to do.
How can you tell, I thought those were monthly releases. Not that I think any insiders are selling. I would like to buy moe but have to worry about the puts I sold coming thru in August Also who knows where the floor is. At least we've stayed above yesterday's low so far. The heavy selling always hits in the last half hour though so I'm not jumping for joy yet.
That is why in most cases you wait for it go lower if you want to buy. Most small companies like this that need cash on a offering most often go lower.
Today is looking like the first signs of a bounce in awhile. It's 20 cents up from the low on moderate volume. The end of the day will be the real test, seems like sellers have been hitting in the last 1/2 hour for days now.
The problem is, most true believers are already in and holding. There will be a new crop of long termers eager to buy once fresh news starts to filter out. For now the lack of news creates uncertainty and that causes pessimism and the bearish bias. The Alpha story just added to that uncertainty. Any news that removes some of the uncertainty, like the start of trials, will turn the stock and give it a bullish bias. Until then the stock will continue to test support levels and probe for a bottom.
Good old Seeking Alpo. Always trying to assist the individual investor. Rag should be shut down.
major holders hold 10 million shares. The management only holds a little over 500k.
that does not seem like the management has much confidence in company if they only hold a few hundred thousand shares.
Either investors are spooked or someone is dumping. Either way, this stock only knows only one direction, down.
I would expect some update on Oxycyte protocol submission to the FDA soon.