spliff it's an uber tough day in the market, or hadn't you noticed.
even your AGN got a bearish wallop:
Bearish Moving Average Cross by Allergan (AGN)
1 days 2 hours 53 minutes ago - Financial News Network Online - Moving Average Crossovers
Allergan (AMEX:AGN) shares have crossed bearishly below their 10-day moving average of $94.75 on a volume of 322K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.Allergan, Inc. is a multi-specialty health care company that discovers, develops and commercializes pharmaceuticals, biologics and medical devices. The Company develops products for the ophthalmic, neurological, medical aesthetics, medical dermatology, breast aesthetics, obesity intervention, urological and other specialty markets in countries around the world.
Froy, YOU ARE BETTER'N A CANARY IN COAL MINE!
You saved folks from a lot of heartache, pal, and made a few of us a pretty penny with your incisive FCSC analysis.
We will toast you -- with some "upscale wine" -- over dinner tonight here in Santa Cruz, CA.
New prediction: FCSC will have yet another financing transaction in the next six months, probably before the end of 2011. After the next financing, there will be more than 200M shares outstanding on a fully-diluted basis.
If there is a financing, that financing will come in the form of a partnership, a buyout or to expand manufacturing to meet such overwhelming demand. In any of those cases, longer term investors will view this as a positive and suitors will take notice.