A 50 cent drop from $3.50 is a small drop not a huge one (to me anyway I have a lot of money invested and a 50 cent dip is not a lot). And again I already warned you about it at the top of this page last thursday. Maybe english is not your first language - I don't know.
Look up on this same page. You'll see the post I wrote on January10th. Which was last thursday. In that post I copied a qoute I posted 2 weeks ahead that warned you there will be a drop off of 3.50. THATS DONE.
Then in the same post dated Jan 10th I said It'll probably drop to 3.20's to at the most 3 lows. DONE. DID THAT TODAY. EXACTLY 4 DAYS from where I said it would. January 10th was 4 days ago.
And at the end of that post I told you ."Then after it's done doing that (probably for the next 3 or 4 days next week) it'll then rise past 3.50 heading for 4." And in another post on this same page written on Monday, January 14th, I told the other guy that the rise back to 3.50 and past it will probably happen AFTER THIS FRIDAY. Which will be January 18th.
We haven't gotten to January 18th yet. Today is January 14th. And in THAT post at the end I said I'll let you know if any HUGE DROPS from low 3's will happen. I already warned you about this small drop to low 3's from $3.50. NO this is not a huge drop. This is a dip before the rise back up to 3.50 and past it.
Posted on Monday January 14th :
"Going by the amount the 20 day moving average price goes up everyday. I'm thinking sometime after THIS FRIDAY it would close enough to the crossover where it could start rising past 3.50"
Posted Thursday January 10th:
" It'll probably drop to 3.20's to at the most low 3's and then trade sideways. Then after it's done doing that (probably for the next 3 or 4 days next week) it'll then rise past 3.50 heading for 4."
If you read my posts you shouldv'e expected this small drop to low 3's like I told you. You might not be American, and not know that when it comes to stocks, they naturally rise up and down. Never in a straight line. If you buy a stock and expect it to rise straight up, 30 days in a row, without getting overbought and dipping back down (towards the moving average) then you will never make money. By selling it too early everytime. Dont freak out everytime it makes small drops. It's supposed to do that on it's way up. You shouldn't be trading if you expect anything else.
Read my posts. Then you'll see we're exactly where we should be. I'll say it again. If I see any huge drops coming. An actual huge drop straight back down to a $1 off of 3.50 I'll let you know. I already pre warned you about this small dip to $3.
We might see a drop to 2.90's/80's tommorrow at the most (I doubt it but that would be the most). But today it closed exactly where I said it would close 4 days from last thursday. If there's a turn in the major price moving average lines then a huge drop will happen from here. That hasn't happened yet.
On the Year to Date chart the 20 EMA (20 day average price) is about to cross up through the100 EMA (100 day average price). When that happens the price will finally rise past $3.50. The average 100 day price is now at 3.52 (it drops a penny a day). That's the ceiling price or resistance price until the crossover happens. Thats why it hit 3.50 and is now trading sideways under it. The 20 day price has been rising steady about 4 or 5 cents a day and just hit $3 today. Once they cross the rise past $3.50 will happen.Going by the amount the 20 day moving average price goes up everyday. I'm thinking sometime after this friday it would close enough to the crossover where it could start rising past 3.50. The 20 day only has to be about 20 cents under the 100 day before it crosses for the jump past $3.50 happens.
So I'm thinking $4 will probably happen in February (at the earliest end of January) and after $4 it could head to $5 quick since this a bio tech stock. But I wont be able to tell the exact speed until after it runs past 4. I'll be able to read the movement of the signals heading to $5, better then.
If they put out good news after it hits $4 we'll get to $5 fast. Days at the most a week. Depends on volume and where the price is compared to the moving averages lines. But right now everything looks good (no major drops). As long as the 20/50/100 ema's keep doing their steady slow climb up like they've been doing. The price trading right above it will do the same. The price has just been riding the moving averages just like it's on an escalator ever since I bought in at 2.63. That's one of my favorite signals I like to ride straight up. No drops back down to my buy in price.
I'll let you guys know if I see any major drops happening or huge rises before they happen.
Is the conference call in March? Yea I think we'll be at $5 by then. But wont know for sure until after we trade past $4 first. I can get a better read on the moving averages then.
Nope you didn't listen again. I told you this drop from 3.50 was gonna happen exactly 2 weeks ago under the other post "Shorts are Having a Blast"
December 26th I wrote:
Today it was expected to dip back down and meet up with the weekly 50 day price which is at 2.85 (on little volume) then bounce off of that price and rise back up to 2.90 into close. If you wanna short this you probably should wait until it rises to 3.50 for any real profit. It might hit a small resistance level from there, and then after that small drop, it'll keep heading back up for $5 going into 2013.
A "small resistance once it hits 3.50" means the price will drop off of 3.50 (thats the price the 100 day moving average is at). Thats another ceiling. It'll probably drop to 3.20's to at the most low 3's and then trade sideways. Then after it's done doing that (probably for the next 3 or 4 days next week) it'll then rise past 3.50 heading for 4.
Every price move I said would happen a whole month before I said it would, has happened. The drop to 2.70's then rise past 3 and the drop off of 3.50. Moving averages fuel prices not news. The news just makes it blast off or fall hard from wherever the moving average already sent it.
Will it hit 5 before the 1st Quarter conference call? In the past, this kind of strange upwards momentum turns to get stopped after a disappointing conference call. I don't expect anything new this time as there is no development except the sales of Relistor.