Note the 100K shares sold at the open. My guess is that this was part of the plan to sell more shares by the company to produce the cash to fund continuing operations. The broker charged with selling the shares is doing so in 100K blocks (not all that much cash) and put in a limit order somewhere around 3.50 at the open. Everyone saw this and figured there was something they overlooked and so the price continues to weaken. Note that volume has been relatively light since the opening salvo.
Get used to it. Every gain is an excuse to sell.
If you look at the source of ALNY revenue, you'll see it is not recurring. They got some milestone payments and obviously those are not sustainable over the long term. Not to discount them entirely since they are a measure of IP development, but don't you find it amazing that for the price of an IP milestone payment, they could have bought ROSG entirely (including the cash position.)
I think you missed the ratio: market cap / divided by employee. ALNY has only about 5 times as many employees, but their market cap is about 200 times that of ROSG.
ALNY and ROSG are basically in the same science, though ALNY is working on therapuetics and ROSG is working on tests. Both are development stage companies, though ROSG actually has some products on the market. Since intellectual property is the basis of valuation, you'd think the number of scientists working is related to valuation. For ALNY, each employee is worth about $41 million. For ROSG, each employee is worth about $1 million. Seems like ROSG is undervalued, or ALNY is overvalued.
I checked the chart. There're a strong indacation that share price could go up... Or down. Wow, you can't get this sort of insight anywhere else.
That's the smart investing attitude. When shorts get overconfident or analysts use a weak price as the principle driver behind lower ratings, it is time to buy. You won't always be right, but when you are, a small investment can become the big dollar gainer in your portfolio. It happens on the upside as well, when longs and analysts see nothing but blue sky forever. The key is patience and a willingness to endure some added pain before there is a turnaround.
I'm no chartist, but it seems like shorts are still in control. The bounce up today was quickly sold off, indicating hesitant longs and confident shorts. Now, the last hour, shorts will cover a bit, but longs are too scared to pile on. JMHO, of course.
If you read the PR about the cervical titanium implant, you get the sense that the real value of DDD is not in hobbyists making things at home, but rather in building custom, high spec items for health care and perhaps unique industrial products, like components for spacecraft. If you are looking at qrtly results, your time-frame is too short.
Just glancing at their quarter report, they look a lot like ROSG: growing sales big on % basis, but still small on $ basis, gross margins good, but not great and net margins still negative. Even the market cap and cash positive is very similar. It'll be interesting to see how they perform going forward.
... to sell at 195. When price doesn't go up in the first 30 minutes, it is a signal that it is safe to sell short. Still I think you'll see a close near 195. Don't want those option holders to walk away with cash.
If you look at the history of ROSG trading, you'll see that is typical. Investors have been conditioned to sell on any spike, especially if the news has "future promise" implied. So now the spikes are softened.
On the other hand, we're not seeing huge selling the day after "good news." Perhaps we've turned the corner and the trend is up.
Noble Energy is buying Rosetta Resources. You just know that some "investors" are going to going to make a mistake and buy ROSG instead. Who knows, maybe just getting some people to look at ROSG while trying to find ROSE will generate some interest. We need all the help we can get. :-)
And HPQ is getting into the market? Why would they want to get into a stalled market with no growth prospects for years? Sometimes the addition of competitors to a market signals growth. We've seen it in the early days of the Web and more recently in social media.