it was actually $38.28 on Sept 12, 2003 reverse split equivalent. I believe whatever you are getting your data from is not calculating the reverse split that occurred. So this is reverse split equivalent price.
Well, that didn't take long! New 52 week high. Now if we can just get to a new all time high that would really be something! $36/share back in 2003.
we might just hit that high today though with over an hour left. there is just no resistance at this point and only support.
I agree. This thing is really a powder keg. It could easily explode a la Intercept (ICPT). Maybe it doesn't, but if the phase I first cohort shows ANY signs of reversing NASH, then we are going to easily double in price that day. Remember the first cohort is low dosage and low number of treatments so it might only show safety info. BUT, if it shows effectiveness on NASH at those low levels, the sky is the limit here. Risk/reward is very unfavorable to short in front of that mainly because the RISK is astronomical. Imagine being short ICPT when it went up 500% in 2 days.
I've studied this treatment in depth. Along with Intercept. Forget what value the market is assigning to each company, I personally believe GALT's treatment is much more promising for NASH patients. I like the management too and have met with them. I have a medium sized position as I don't want to miss a huge up move, but also the first co hort could very well be inconclusive.
Oh my, you are right. I just looked at that. Traded at $90 after hours. We could open at $100 in the morning. This could go completely parabolic if there is much short interest.
I think the short case is the convertible notes that were out there. However, my guess is that most of those have now been converted. they took advantage of this news and converted and dumped the stock.
like I said, 3.20 will be the start of the avalance. can we get there? volume is picking up again. I hope someone is massively short this thing...will add to the rise.
we get above 3.20 and we will be off to the races. can the sellers keep it below that level. doubt it if the volume kicks in again.
I see that. It was trading up, but then some people falsely implied a huge dilution and I think that's what took it down. The massive dilution is not true...it is clear in the SEC filing. I think it is a screaming buy under $4 tomorrow if it even trades there. I went through the whole thing and know what VC's have put into other bitcoin exchanges that are not going to be nearly as advanced as the one WPCS is going to launch.
trading up afterhours, but it is low float and might go absolutely ballistic tomorrow. it will be THE momentum play tomorrow.
stock running wild after hours, but I think tomorrow does much more.
not that crazy...ranges from 6.9% to 10.7% of operating income. I can live with that. BTW, check out ZGNX...my guess for best stock of 2014.
yeah, and who is going to delay it? FDA already approved it. Company can start selling pills tomorrow if they want. why you so scared? how many shares are you short?
I'm very concerned...not. volatility...been up 50 cents on it been down 70 cents. I'm not in a profit 10 minutes before mkt close, I cover and move on. Still make money on the stock on the day with the long position I sold on the news. I dont' see this being a good last 2 hours of the day for the stock. do I make money on every trade? no. do I make a lot of money overall?...yes. I retired years ago (from a hedge fund job) and just trade my own money now.
I'm a market professional. sell the news. I bought and sold the approval. made some money. shorted at 20.60 about 10 minutes ago. doctors make bad investors remember.
yes, big breakout going on over at CMXI on the CMS news.
wow, CMXI is up 25%. mkt cap is still pretty low at 41 million. might buy some as a complement to MDXG
is that you Saxe giving me the thumbs down? I know you are not doing any real work, so you have time to troll the boards.
There is nothing new here. Same old recycled hopes and dreams for SPD. no real revenue ever generated. The most amazing thing this company has done is keep the charade going for so long. I can't believe people still give them credit. Their SPD hasn't gone anywhere the last few DECADES. why will that change? It won't. Saxe and Haray are the only ones getting rich here. Amazing that they keep getting these salaries. Ahhh, America!
You are right, BIOD has an enormous amount of potential. And I don't think the results in September are a high hurdle. So we should have a lot of upside the next 3 months.
In terms of ideas, here is one that in my opinion represents the same kind of potential as Biodel, but maybe less risk. CMXI. 45 cents, but this is a real company that has a significant event starting in the next few days. Medicare is going to start processing reimburesment claims for their chronic wound product, Autologel. This will drive sales tremendously and always does in this space (see Dermagraft, Epifix, etc.). But I follow this closely and there are potential partners that have been waiting for this event. I believe the company signs a huge distribution deal in next few months. I think CMXI is worth at least $2/share very soon. That's a pretty big leap from today's price. I own a lot of BIOD and CMXI.