Have to wait until 3.30-3.40 area before reentering and then sell between 4.00-4.40. Simply a trading vehicle. You might have to wait several weeks but you will always get your entry point and remember not to get greedy because this stock has never been a long term hold.
M.M. We have something hot, we never do this but SHORT FedEx Now
Sentiment: Strong Buy
M.M. 11/22/2013 4.02 4.47 4.00 4.45 1,684,690
11/21/2013 3.64 3.93 3.60 3.90 1,100,042
Sentiment: Strong Buy
because it produces nothing of commercial value
20 years nothing
lots of dreams and cheerleading but little else
dr. g is in my opinion is a huckster like Bernie Madoff but soft selling "great science" when none exists
The reason there are few deals is that real pharma companies do not buy his shell games so naturally they tend to languish while his cheerleaders exchange "scientific datapoints" because only they "understand"
Big Pharma is on the move for quality products but that would exclude immu by definition
The cheerleaders are realizing they missed their exit opportunity in the 7's not likely again.
Heck if emab was approved I think a market cap of 1 B would be hard to obtain. So maybe a double at most from here IF emab is approved which is highly UNLIKELY.
All the clowns cheerleading for decades to make a double in 20 years MAYBE.
Sorry, no rally. Just selling off. Most of the years top gains have been given back. There is no relief.
Read the latest MF article for a good read. They were given back rights from a BP for one of their lead candidates and the stock dropped from the $7s to the $3s. We had a bit of a bump up on some other news events but in the past couple of days have given back most of the gains. Would like to see them find a new partner and then see the stock go back to the $7s. :o)
The company is what it is. There is a reason why it has basically been a penny stock for 10 years. They have no real drug that is close to any approval and they burn thru cash like crazy. However, as I have stated many times now, it has been a great trading stock. As long as folks keep buying on rumors and false press releases, I will trade it. My last buy was at 3.41 and I got greedy and missed the 4.80 sell mark (upper band of Bollinger bands) because I was waiting for a bounce after the conference but it never occurred Sold at 4.40 as it was showing weakness. I will now wait for the low 3's again.
Unfortunately you are correct- as a very long term holder of this company it been a major dissappointment but it has been consistent in getting pummeled after you think things seem to be going in the right direction. Every other bio-tech in the past 20 years has done something and has taken off - only in 1999 race from $1.00 to $41.00 and change.
yeh, there are investors in IMMU, but most of us left yahoo msg board years ago, moved to moderated IMMU board at Silicon Investor. Yahoo refuses to outlaw multiple ID's and they won't censor anyone for hyping, bashing, and dirty tricks. It's really not a decent forum for intelligent life, as you can tell by reading 90% of the posts. Too easy for spammers, too.
I am afraid that IMMU will not prevail this year. I hoped it kight, but find that the price action says something else. Like many, I will likely end up holding it for quite a long time.