Don't agree with the chart comparison at all. The stock price is being controlled by MM's and shorts. They needed to cover some short positions and the BIO conf may've been that excuse--who can say for sure what the hidden hands of evil are thinking?
What I want to know is, if you keep talking to all of these company insiders, do you promise to get the stock price back up for everybody?
Regardless of the BS they are feeding you, if company insiders had done any significant buying the price would not be languishing like it is. That is simply an undeniable fact.... look at PEIX recently. When insiders started putting huge amounts of their own money into the company, the MM's backed off.
Not sure what the MM's and shorts have planned for this stock, but it needs to at least give the appearance that it is putting up a fight.
Big bucks are made with PATIENCE! I bought HGSI dec. 2008,in $1.40 range,it went all the way down to .45 cents. Instead of selling,I maxed my credit card out,and borrowed as much as I could and bought more.(That brought down my ave.to .79 cents) I sold July 20th 2009 for about $12.50. That was the second time I made 6 figures. I bought ARIA in aug 2009 and made another 6 figures!!!! So let some take their nickles and dimes. I`ll be Patiently waiting!!
the quick money guys rushed in on hope of an announcement at the last meeting and then dropped out to chase other stars. I hope that CYTK does there partnership announcement, if any, with an after market PR which doesn't let those quick guys get the bucks but us long long survivors bring it in. Good luck all longs.
LOL you are totally off base. The stock ran in anticipation of the BIO CEO conference, not on technicals. The stock sold off when nothing new was reported. You got lucky on your prediction, nothing more. AGEN has the exact identical chart as CYTK leading into the conference and after.
As for insiders buying I have talked to the CFO about that. Insiders already participate in a company equity plan. I'm also quite sure there is probably a blackout period that has been going on for a while now.
I like CYTK's moves these days... if this keeps up my shares will be green, but I have a ways to go before that happens.
Sold half of my ARNA shares a bit too soon, now I've got to buy them back higher, darn!
Glad to see you are here keeping the house in order.
at least he has the balls to tell us that he was wrong. i like that. who knows he could be right. lots of technicals at play here. we shall see. good news will probably take us back above 2 bucks.