nice recovery to $15 today from the $10.80 fartstain skid mark scare on Friday. Pran was another play this morning. Took off around $7.83@ 9:45am and peaked out @ $10
Kitty you know I have the utmost respect fur you and ur picks. VTUS very well could come back up and yes I rode it up from the $2's to the $3's, sold out and bought again in the $2's and sold out recently in the $4's but frankly I'm tired of these pump & dumps that appear merely set up to bilk money from retail investors. VTUS fits the bill as a prime example. GERN another where the board have given themselves considerable salary compensations yet poorly execute company PR's allowing hedge funds to artfully game money from investors who actually believe the product has merit and great potential.
Currently hold a position in OHRP which I managed to get in on Friday when Adam Fartstain executed a hit job article on the company. The stock needed a correction( I sold out earlier) and this expected no news correction brought on by the street seemed like an opportuned time to enter again. Also have a position in Drtx... rest are daily momentum trades. Scared to be holding much of anything right now. The debt ceiling crisis is lurking.(AGAIN)
not if you followed my posts... I was always the skeptic on this company. Ones like Kitty, who are very knowledgeable on pharmas who claims she doubled down. That's over half a million on such a questionable operation. She maybe part of the RBOL's but then again she now seems to be in over half the index. When I first came across her, was on the TRSX board and was only playing a few I could follow. The first time this company failed over poor results they dropped the product immediately like they never planned on seeing it to an end. This seems like a repeat performance. We had no interm update progress news...absolutely nothing and phase III isn't expected till 2015. For a butt cream trial using generic combos ....really? Poorly planned, poorly executed, questionable dealings...what was that nutrition company they bought out in Ottawa last spring with the Go Daddy pizza front?; looks more like a front than a pharma. Already steeped in class action suits, I really got the impression they never wanted a real product line or if so milk it for as long as one can. How can a placebo arm of a study be the same as the test arm? One couldn't get that if one tried. I sold out weeks ago at $4.20.
I've also sold out of GERN which although has a much more promising drug science behind it, the company too seems it's being somewhat bilked by overpaid executives who are comfortable in their status quo maintaining their inflated salaries over producing for shareholders
Nvaa it was as well orchestrated going up to $16.80 on no news as it was being taken down 6 points by Fartstain.
As to Oldman's Sacks, they were part of the main culprits behind the derivative heist with the likes of the Fed reserve in their back pocket. Was it any wonder they were bailed out by the Feds while their completion, Lehman & Bears Stern were left to fail? No one could accomplish that in any other industry. GS were the first to be brought to public light with their use of HF trading proprietary programs when one of their programmers was 'wrongfully' accused of stealing their codes. See Sergey Aleynikov’s story 2009. HFT is a scam and does not provide liquidity to markets as it's proponents like GS would like to argue. Yet the SEC hasn't gotten off it's keisters to do anything about it. Even Cramer admits the entire market is a rigged scam. It's led by the Wall Street gang of Golden Sacks, shares the morals of Bernie Madoff and is complicit with the Fed reserve, yet no one can point a finger lest you be called out a conspiracist. GS has also been centred out in bilking the US consumer to the tune of $billions in their commodity market rigging scam. See GS commodity cartel. I could go on but I'll digress into something less than befitting a beaver. So yeah AF, GS and the Street should all be put in hand cuffs and jailed with their buddy Bernie.
anyone buying into this correction is a LT holder that couldn't or wouldn't chase the SP up recently. It allowed an opportunity for some larger positions to be accumulated. Doubt these new guys will be selling off easily which should keep the SP supported. New technicals were set up today giving a base line support of $8.75 and a top resistance line of $16.80. We will trade within that range till news is released or phase II results whichever comes first.
The Street as are the majority of medical professionals in this field not onto this( as per Livermore) so I'm not convinced this was all a buying opportunity for those professionals buying in this afternoon without insider knowledge.
everyone that knows Fartstain by now know the guy's a hatchet man that leaves himself unaccountable. he did the same on the GERN board when he couldn't finish a tweet critique for some terrorist following him. I wonder why.
we still don't know what Mikey will be presenting in Margaritaville on Wed.
Could be a nibble on sponge cake or a lost shaker of salt.
Some people claim that there's shorts to blame
But I know it's all Fartstain's fault.
I don't know the reason
I stayed here all season
Nothin to show but this brand new tattoo (OHRP)
But it's a real beauty
How it got here I haven't a clue
Now I think
Hell, it could be my fault
obligatory now with any holdings over 5% 13Gb is an abridged version of this for just over 5 the longer version GB13 is for those holding more than 10%
I dunno....Dr. Katz's taken down web page and patient Bob's disappeared testimonial aren't exactly what fundamentals one can place a bet on. Fartstain's article unfortunately will be viewed by everyone to see for the duration of this year. What a short this morning I bet he's laughing all the way to the bank.
much of the downside trade was accomplished by 50 share lot asks. $550 risk to a buyer but stacked against the buyers they soon back off. Goldman Sachs is notorious for using HF platforms At the bottomless tank we saw today by a well know market manipulator it creates a great buying opp.
Livermore may be on target with the science but this is your money you must protect.
the Elman paper has already been submitted. Insiders should already know...why aren't we rallying? I was in a stock earlier that dropped 65% on FDA rejection. Luckily I sold bfr. the event company was a sham. Here we have no news other than a hit article by a notorious market manipulator and we see a 35% drop.
Seriously everyone here was riding the Livermore hot air balloon. It was due for a correction. we've had no data other than conjecture so far from the company. May be a good entry at some point but my earlier buy is now under water. Don't grab a falling knife.