wow was i wrong today.. still on the upswing. now we've seen this before. is this going to be positive now and the run up we were waiting for, or is this another smoke and mirrors play and will drop back down again?
Uneducated buyers pushing into the stock before earnings with wishful thinking for a pop. They will exit quickly after earnings. Stock will trade back to cash/share until positive news from Europe or from discussions with FDA or with news about a buy-out. If the company doesn't provide any good news at the call the stock will retreat to it's cash value per share.
I am underwater and long 30,000 shares having averaged down to $3/share since the FDA killed me.
Yes, I agree with your objective, fair analysis. I see action tomorrow morning with another slight rise in the share price. However, some traders will probably run to the exits prior to the close to avoid the weekend risk. A positive announcement could happen anytime (including After Hours). All the best, Antonio
ouch man that's brutal. i've bought in a few times around 1.30 and sold around 1.50-1.60 so a little coin here and there. would love to get in low and hit the run up with positive news i think is coming eventually