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Nanosphere, Inc. Message Board

  • mameen76 mameen76 Oct 3, 2013 6:24 PM Flag

    Very unusual trading pattern over the last few days.

    Buyout offer pattern is what I see here. Depress the price then BAMMM to $10.00

    Sentiment: Strong Buy

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    • wadehatton@rocketmail.com wadehatton Oct 3, 2013 7:04 PM Flag

      I'd like to think that you are correct, but I can't see it going from $2.00 to $10.00 that quickly. That would be too much of a premium. I do agree that someone has been sitting on this ever since the last earnings release. The price is pushed down every time it breaks $2.15. Technically, next week we'll be trading at the 50 day average. That would normally be a positive, but it's because the stock price has gone nowhere during that period. This stock is like a coiled spring and I think that we're off to the races if we can trade above $2.20. We're a month away from the next earnings release. Hopefully, that's the catalyst for higher prices.

 
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