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Amarantus Bioscience Holdings, Inc Message Board

  • mfm401kvp mfm401kvp Apr 17, 2014 12:15 PM Flag

    For all you worried about the price....

    Look at the volume since April 1. It is about 50% of the previous 3 month average. What does that tell you? No real conviction on the sell side. If this were dropping on volume 2 to 3 times average, then be scared. This is weak hands and flippers trying to play for fractions. If anything use their stupidity to build a larger position.

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    • Today it closed just at the 200-day EMA and a bit of a hammer candle which often precedes and up day. The Bollinger bands have been tightening for months as prices have become less wild. Tight bands will lead to expansion. The volume at its highest was on the days when the stock closed in the green showing much more interest in buying the stock then in selling it. This is just what you want to see when a stock is in a consolidation more. No high volume selling - just as others have said - some folks who like to flip for a couple of penniless. Not really a bad idea if you like that sorts of thing--- buy extra when price is near 7 cents and sell off the trading portion whey it gets to a resistance - like right now minor resistance at 8.5 cents - 7 to 8.5 is about 20% profit so even if it only dips down here not so often you can ad some short term profits. When buyers feel AMBS is getting closer to some income then it will break pat the 8.5 cents and retest 10. At some point it will take off and when momentum happens it will eventually need to test the 0.139 it hit early in the year. Technically the stock is oversold now and the longer it stays oversold usually the more dramatic the rise when it moves again. It was way oversold in November at 4 cents and the break out took it to 14 cents - over a 300% gain. And last summer it ran from 3 to 9 - also about 300% - be prepared for the next time. At least now the company much better financed and has a very impressive team assembled.

    • Good post, mfm. Your read on the volume and the sell side is certainly correct.

    • mwe_expressions@sbcglobal.net mwe_expressions Apr 17, 2014 2:26 PM Flag

      I have been into this stock for over a year. I have bought and sold for some nice little profits. They are doing the right things but it takes more then 3 days to do what they need to do. Right now i have 501,000 shares and showing a nice small loss right now. But , although it is hard too watch now, i believe, later in the year those who held will be very happy.

    • Very much true as I have noticed the volume shrinkage as well. Still not fun to watch. But, we know it can move up in a hurry when there is a catalyst. Hopefully there will be many important catalysts coming and coming soon.

    • Looks to me like nobody wants to buy any.

 
AMBS
0.083+0.003(+3.75%)Oct 30 3:59 PMEDT

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