along with the time frame of news release SOMX will spring to the upside very hard, fast and furious leaving many with their jaws dropped!
timing is everything and from reading posts many retailers are gone by now, possible debating to get back in.
Overall market/economy is in shambles but believe somx will not only recover but prosper.
I also believe on news we will be in the $10-15 range and many will enter on the way up.
GLTA
this price is below fda approval and with additional $50mln cash. Just a matter of time, once news hits its gap up, hard and fast. Right now hedgies are in control and shorting everything, manipulation!
the funny thing on how the company made sure the news hit the wire as the russel announce ment hit-they want the price low
Drug is approved. Works well. Market 95 million. 50 mil cash. Downside is low. Buying here.
stock_guru..Its always tougher to pull the trigger when its sitting in the dirt? You wonder WTF got it there? Is there something maybe others know and I don't? Here this one looks to have not only a haircut but a crew cut? A valuable sleep aid drug FDA approved drug that brought many investors from Institutions in at $8.25?
Until Institutional money steps in and buys with both hands the Hedge will have its way.
Many bottom feeeders are looking at the overall market and when it may make a decisive turn with volume. When that happens we'll be back on our way maybe slowing at the dollar numbers to catch our breath? We're headed higher from here eventually. Tomorrow next week who knows?
It appears High Frequency Traders are finally getting out.The stock can now start rebounding up.
Hate to say it as I'm in deep on this stock but this is not going to 10-15 anytime soon. Will be lucky to get back to $6.00 and then they will probably issue more stock.