Is it possible that people are putting in stop loss orders in this stock? If you feel the need to do that -- then you would be better off just selling at the market. This is not the kind of situation (assuming there are ANY situations) for which this makes sense.
No, it's not that. It's the dynamic I have been trying to tell you all about. I'm off by at best 1 hour, as I believed it would happend by mid-morning this morning. Regardless, here comes the volume pickup, here comes the complete and immediate shaeout of margin calls as multiple retail houses raise their maintenance requirement on Celsion to 70%, and yup, there are the buy orders from the big boys who have all been part of this whole manipulated scene, just in time.
The little guy always gets skewered...I tried to warm people.
Worse yet, the one million dollar buy was supposed to be a head fake, but it now appears they intend to buy at that level, as opposed to the "4.03 to 4.10 range" I overhead in the ducts.
Oh don't worry, folks, Odaat's not done. The internal memo from a market maker to a major retail brokerage house's risk department could prove all of it, and I would gladly share it with the SEC.
Odaat, other bios have had their margin rates raised as well this week, i know ALXA went from 30 to 50%. Makes sense since this T+3 day for the end of the mutual fund fiscal yr (Oct 31). Be nice to rally into the close for once, hope we get the Q3 earnings call announcement next week