Terp, I only bother checking this board every few weeks now and I see you still spew the same #$%$. Is this for a new audience (new $$) that might not have been here a few weeks ago? Do you just do a "cut and paste" from past posts to save time?
CYTR spent 4-5 days in the $5.10-$5.46 range. It hit $5.46 one day and $5.30 on another (so wasn't a one-day abberation). Now what exactly has changed in last 3 weeks to warrant the 27% haircut from $5.46?
I said to myself "bet there was an SA hit piece". So looked at the headlines/news link and whalla!! There is was. This is a total deja vu of what kept happening last year. We finally got some good news and the shorts pull out all the stops to fight this upwards climb (meant figuratively, but guess there may have been some stops taken out literally too along the way). Not too concerned though--when the shorts need to resort to this nonsense it means they are getting worried. And the stock is well of it's lows now. Looks like just a temporary blip on the radar.
Yes, just came over here to find out myself. Possibly a new SA article that hasn't been posted on Yahoo yet? (sometimes there is a delay)
Trading much better than usual after the usual 11:05 selloff when there is no CAFC news. I mentioned this yesterday--a double-whammy for shorts---we're getting a nice technical move (which is just starting), then we'll get the really big second pop next week (probably Monday) on the CAFC news.
One would think the shorts would need to cover by close tomorrow just to play it safe. Why take the risk considering some of them are probably up a lot on their investment right now (unrealized of course).
If the CAFC decision doesn't come out for a few more days or even weeks, it could actually help the longs now. Because now it's about to break through purely on the technicals alone. So if cruises through this 200-day area on good volume (which appears like it is going to do) it could have a really nice run this week strictly on the technical breakout. Then if the CAFC decision comes out Friday (or even better next week) we'll get a 2nd huge bump. So this delay is going to help the stock price in the long run.
If it's a POS, then why did it rise $2 (60%) from $3.43 on 5/22 to $5.46 on 6/13---a mere 3 weeks!! (which is why I said the pullback was "healthy"---that continued rate of appreciation is not sustainable).
Or is it just some healthy profit-taking after the big run from 3.50 to 5.25?
Or is it something different? I don't take that hit piece too seriously as that guy Roe has been bashing UNXL forever here. He is obviously short---that is just his own opinion---1 guy that could easily be 100% wrong. Why would anyone sell based on an article by a proven long-time board basher?
Not at all. A pullback was exactly what UNXL needed today. It's actually unhealthy to go up (especially big) every day as it will eventually come back to bite you. And the fact that it absorbed the sale of 430,000 at the open and then got back to even at one point later in the day is a huge positve as well.
So let me get this straight---the biggest short on the board (Terp), who has been a paid basher for at least 4 years straight that I know of, actually believes the company has potential? Hey Terp, couldn't you lose your job by admitting this publicly?