We are right at the start of a Golden Cross--the 50 day MA is just starting to cross the 200 day MA. Both closed at .38 today and the 50 day is headed up---This is a very bullish signal. Given we've been so oversold for so long, a golden cross of the 50 and 200 day should propel this much higher which is confirmed by mush larger volume than normal in this crossing phase. First target on candles would be .75-.80 range then if that co-incides with a good report, well just look at the P and F chart LOL....if it breaks .88, next target is 2.75...breaks that next target is 5.....of course a bad report would plummet it but the good news is that there's not much of a range left for it to plummet lol. This month should be interesting. But it looks like some fairly big players are accumulating in expectation of good news. GLTAL...surely we will know in the fullness of time as old Ed Hart used to say............
You mean ADAM Who? You mean the Adam Feuerstein who slammed cpxx right before it went up 30x? LOL That guy has been the hedgie's best friend for 30 years..............
Read what I wrote. They have already filed for the offering. So some pumpers were trying to pump it to get the price up for the offering that is coming.
It's no joke that they are trying to pump it and can only get 2 pennies. There's a reason and that reason is that they are out of cash and have even more debt than cash. They are bk as we speak unless they get that offering out there very soon. The chart as I said is very oversold, but financially they are in dire straits. And I have no position...just saying to be careful buying right here before the offering hits..and it will have to hit soon or it's BK since they are out of cash as we speak and have 2x as much debt as cash
They are out of cash as we speak. Although the chart is calling for a little run, I would stay away from this one until the offering. They've already filed...it's coming. You will be able to get this much cheaper imo
I don't short stocks, and given the chance of a little run to get it up for an offering, I would not consider it a "perfect short candidate" at this time even if I shorted stocks (and I never have).....but there is a very good chance an offering is coming
Yeah, they have 27 million in cash, but they also have 30 million in debt. Their cash burn is all over the place but with the last q at about 10m burn, right now they have less than 3 quarters cash left. Combined with the debt, this is a prime candidate for an offering to raise cash and lose debt. I would give this a 75% chance that they will do an offering very soon. I would be very careful buying in this range. They usually run them a little to get them up for an offering, and that could be happening now. But they will need to raise within the next few quarters barring a positive event (partnership etc) GLTAL
Yes and that report---as the CEO states---takes into consideration the offering the did right after I said they would do it----again that is AFTER the offering they did, which I said they would do.
No, I decide my own fate after 40 years of the stock market. I knew this was coming and said it. I was called a short and "new to the market"....thus my response
Moi? I said there was the gap to fill. Check. Said they would run it a little before the offering. Check. Said there would be an offering. Check. All days before. Check. Can't call it much better than that, no matter the stupid replies I got. Hey, "program", Ms "new to the market" called it perfectly LOL
Well, well, well. Ms "New to the Market" here called it just days before. Of course no one listened, especialy "program" who is just "newer to the market" than me LOL...And I told you there would be a little run before the offering....and there it was...and then there was the offering.
They missed by .10 if you use the analysts' figures; missed by .08 if you use Zack's. But it's not so bad in a little company like this with almost no sales
Analysts calling for loss of .60; came in at loss of .71. Of course that doesn't mean a lot in these little companies that don't really have any sales. But it is a miss, and against what Zacks was calling for. May be a little selling come in from Zackies, all in all not too bad
LOL I have no agenda except the truth. Which you conveniently leave out. The TRUTH is that this is old news. So what are the other things I left out because I have an agenda? lol...nothing that hasn't been released earlier
This is not "news" and was announced last fall. How many times are they going to spring this "news" on you and suck buyers in? Re-hash to get the little run in advance of an offering. They are out of cash and at this point have only enough cash for 1 more quarter. I've seen it a million times. And you can bet that when they re-hash old news, it's an effort to get the price up for usually dilution.
I posted earlier that they may run it in the short term to get the price up in advance of a secondary, but an offering/dilution is coming. Proof positive: when they post old news like it is new news you can bet an offering is in the works. This was announced last fall. Re-Hash to get the price up for the offering. Same old same old.