pullback. Looks like the tape was painted at the close yesterday too. With the volatility, tight float and it being Friday, your guess is as good as mine as to the open, and the close price of ADMD. If it drops this afternoon to $.07, I'll be buying. Curious to see the last 15 min. of today's session.
I also notice that the 8K alludes to a new strike price for BOD options. The 8K makes reference to a .$15 strike, which is 25% higher than the previous day's close. Question is, which way will the pps go near term? I don't see a $.12 close today. MDLAND~
SS, even with that market order put in mid-day, I wasn't able to pick up any shares. I was happy to see us hold strong to $.10 though. For now I'll just sit on the sidelines with some dry powder just in case. Over the next week, I'll look around for another ADMD-type company. I'll need some luck for that. I'm looking forward to next week's call. MDLAND~
There is good buying interest. Some will panic, take profits, sell of course. TI style emotional trading but the stock will be in a good spot. It is going to hold or even go up today...
Sentiment: Strong Buy
SS, looks like it's holding early on, that means not a lot of selling and profit taking. We must remember, yesterday's 1.2 mil. traded, doesn't amount to a lot dollar-wise. Average trade price was probably at about $.08, not a lot of money changing hands. Lots of folks are still on the sidelines with ADMD. MDLAND~
Even though there was a jump in the pps yesterday (11-14), we only traded approximately 1.2 mil. shares. That's not a lot. We've traded much more in the past and the pps has stayed flat. Difference is, this time the buy to sell ratio was about 10 to 1. Some bought in anticipation of an exciting 10Q, but 10Q may not have impressed everyone. Also, that alliance with Russia was a little disheartening to say the least. How will stay and who will go? I'm in for the long haul. MDLAND~
Moto, it will stay up here today. The stock is undervalued historically and they are improving revenues, lowering expenses and submitting innovative ideas/prodcuts for approval by the FDA. It will jump around, particularly in the morning, but I think it will maintain a price right around where we closed yesterday.
Just my opinion but the reasons to buy have not changed and the stock is "cheap". We'll see in the next few hours.
Sentiment: Strong Buy