Pull up the chart from last March/April...
Trading now just like then...
Which means a raise is coming???
Blah. Stop loss at 1.02 on my trade block.
If so, these guys are abject morons.
I still can't believe that we have not heard a single word about either of the trials. I have a feeling that something happened with the 56 trial. During the last call with the analysts, when asked about the trial, he said he only wanted to focus on the 63 trial during the call.
Very possible the more I think about it. We may find out as soon as tomorrow morning. Possibly priced at 1.05 or even 1.00. Total speculation on my part here. It would certainly be a disappointment. If true...guess I would wait a couple weeks before adding more. Still believe in the fundamentals. Hope it's not true.
I don't think a raise will come prior to 63 results, but I will say that maintaining a one year cash runway at all times is the rule of thumb for biotech's. That is about now. You let the runway get to short and you can get in real trouble trying to raise money.
With 63 results any time now, I think/hope they will wait until after they tell us how 63 performed in the Phase II before diluting us.
Whatever, Brock. You're welcome to it.
I posted about the similarity between trading the past few days, and trading nearly exactly one year ago today when they sandbagged us with a raise.
I guess it wasn't worth mentioning to someone as savvy as yourself.
I doubt that the Big Investor who sold 40,000 shares in the last one minute of trading had this mindset. I'm sure that the scenario you described happens, but I don't think it happened in this case. By the way, I picked up 20,000 of the shares at 1.06 and 1.07/sh. I'm counting on the fact that the science is so strong that it will endure even things like a scary announcement of a possible R/S.
It seems to me that if a Big Investor (BI) wanted into a lightly traded stock for cheap, it would go like this:
1. BI sells some existing shares for a loss.
2. Corresponding drop in stock price triggers Small Investor (SI) stop limit orders.
3. Cascading effect of SI stop orders drops stock price even more.
4. BI buys large number of shares at a huge discount.
5. Stock goes back up.
6. BI laughs.
7. LI cries.
That's right Loco. This ain't (BI's) first rodeo either. Besides I thought Garden said he sold everything he had earlier in the day. Must have bought back in. I tell you what though old Garden is 105 years old and probably pretty savy. Brock