Enough with the bell ringing! After several months of ringing it is time to give it up.
Why the resistance to rise above $5.00 and hold? We have had decent volume but need 2-3 million shares to affect a positive break out.
Well now. Big BLACK candelstick beside a Big WHITE candestick. Hmmm, rally over. Besides. your hero likes to make billions, not millions, so this little stock isn't going nowheres as long as he is in the driver's seat. I think he is still in the buying mode. This stock isn't going any higher than where its at right now for at least the next 6 months or so. Just My Honest Opinion!
The resistance at the $5 level has been higher than anticipated. :)
There are many nearsighted people that look at the high PE and PS and continue to short the stock.
But the majority of the shorts aren't aware of OPKO's IRONS on the FIRE.:)
I had the BELL on autopilot and it started to RING again this morning.
It woke me up, since I went to bed late last night and was still asleep when that happened. :)
I will take the BELL now off from autopilot.
Looking at the one minute chart, I see that there is now some resistance at the $4.97 to $4.98 level and as the volume approaches the 263Ks the daily L has only been $4.93 :)
Will go out for a walk and probably will watch some of the action this afternoon.
Yes, it is RINGING :)
But there is still resistance at these levels, and have to wait and see how it performs in the afternoon.
The S&P and the DOW remain in negative territory while the NAZ is up less than 6
OPK's volume is above 524Ks but that is probably half its daily volume.
The BELL is RINGING !!!
So far today,the stock has bounced back up every time that they have tried to bring it down below the $5 level. :)
Although the trading today din't start with an UG, it did hit the BELL in the first few minutes, which woke me up. :)
There is intraday resistance at the $4.94 level, but I will keep the BELL ready in case some late afternoon up-pressure buying comes along and the stock can close above the $5 level.
But in general, the stock is behaving better than I had expected, taking into account that OPKO is scheduled to announce its 4thQ and Yearly results and that a "March 13" is supposedly not a good date.:)
I will keep waiting for further developments...
The BELL is RINGING !!!
Since the stock was able to close at the $5 level.:)
But there has been some profit taking AHs and it is back testing support at $4.94 which was the intraday resistance level most of the day.
<<How did you figure this out?>>
<<There a lot of people that predict things..>>
It isn't as complicated as you may think. :)
First you have to notice that I said:
"SO FAR TODAY"....
That's the first and a VERY IMPORTANT POINT. :)
Is like predicting the weather, it is hard to predict what it will be like next week and even the next day, but it becomes easier to predict what it will be like in the next couple of hours.
Albeit even in that somewhat short period, sometimes you may experience unexpected changes.
For instance, today OPK started trading with its right foot and there was a nice uptick on a good volume.
But have to watch the intraday resistance from $4.95 to $4.98 before it can hit the BELL at the $5 level.
Also have to watch how the winds from the general market keep blowing.
The NAZ started blowing to the N, but turned S
The DOW started blowing S and has turned N :)
Have to watch the NAZ support at 3050 and the DOW at 13,000
On OPK the shorter term charts (from one to 30 minutes) have positive looking patterns.
But from 60 minutes upwards, they still have important resistance levels to deal with.
Since the best time to buy is on the way up, I am planning to add to my position on a close above $5.08 :)
It may need some news to get there or the insiders to continue their persistent buying pattern.
I would not be surprised to see this in the 5.40's this afternoon. Also thinking broader market won't hurt lending support as I see more upside to the indices (S&P 1350 possible) this afternoon as squeezing could\will be everywhere.
I agree, even though it's happening right before our eyes It's hard to see it unfold.
The support level is clearly at 5.11. I don't know where this magical 5.00 level came from, but it is non existent.
Looks like it dove through 5.11 and will retest around 4.75 soon. *yes this is a prediction - for what it is worth*
- The bell has turned to a GONG !
The BELL is RINGING :)
The stock was able to close at $5 on a volume above 4.1M (there was a heavy volume on the last minute of trading, which moved the stock to the intraday H.)
Albeit there are a few people now taking profits AHs. :)
The heavy volume on the last minute came without news.
OPKO continues its previous practice of not making its presentations available on its home page.
Many smaller companies have webinars of their presentations that are usually available for several days after presentations.
Will see if someone can find a link to the slides they used,in order to compare with the ones at the JP Morgan presentation last month.