I went long Monday, October 21, @ $23.43, after having noticed SNTS closed above its 50-day MA with good volume on Friday, October 18, and after conducting further research last weekend. Weekly price-and-volume action suggests that SNTS is building a second-stage base. That won't be obvious to many until the stock takes out $28.10, after which everyone will want to pile on. The most recent IBD (dated 10/28) says SNTS gets a "C" rating for "accumulation/distribution", and I believe institutional investors continue to nibble here and there without drawing attention to themselves. Did anyone else notice the three blocks of 10,000+ shares which exchanged hands in the last 5 minutes of action on Friday, October 25? Those ain't Mom-and-Pop investors looking to put cash to work. Awaiting positive news on the upcoming CC.
re:joined theparty.well a litte over half of the average volume i don't know what to tell you. i have been long for more than five years.whether i'm wright or wrong still long with more to gamble than most.i for one,will take my chances and stay long GLTA.
The party was great, thanks for asking. In less than 3 weeks, I'm up $8,570 on a $23,430 investment, or 36.5%. Check my October 27 post verifying the purchase of $1,000 shares of SNTS the week before. Watch and learn, son. Watch and learn.
At the risk of bringing up a sore subject, how did you make out on this one?
Seriously? Your timing is as transparent as Scotch tape. I've owned SNTS 1 week, and this is the first day I'm down (on paper). BTW, that "loss" is a whopping $0.29 per share. As to how the party is going, free to ask me again after the CC.