Be carefull with this right now. This traded here before and even lower for months. That is when all the r/s started to come what seems like every 6 months. It is in a tradable state noty a long term hold for sure. IMO anyways untill they get some very positive news out here.
The analysts are still behind this c. Nothing has changed for them to see a downside. Stock is way oversold and shorted - just because they could. Co is moving forward regardless of the pps, the short bloggers, the house sirts and traders. The cos plan is in play as well it is shown in the Q.
White House Asks For $1.8 Bln In Emergency Funding To Fight Zika Virus
White House Asks For $1.8 Bln In Emergency Funding To Fight Zika Virus
2/8/2016 10:22 AM ET
Amid the outbreak of the Zika virus in Latin America, the White House announced Monday the administration is asking Congress for more than $1.8 billion in emergency funding to combat the disease.
In a statement, the White House said the funding would be used to enhance ongoing U.S. efforts to prepare for and respond to the Zika virus, both domestically and internationally.
The funding request includes $1.48 billion for the Health and Human Services Department, $335 million for the U.S. Agency for International Development, and $41 million for the State Department.
The White House noted transmission of the Zika virus by mosquitoes has not yet been seen within the continental U.S. but said the nation must be fully prepared to mitigate and quickly address the disease as the spring and summer bring larger and more active mosquito populations.
The mosquito-borne Zika virus has recently been linked to birth defects and other concerning health outcomes, the White House said.
The request from the White House comes after Senate Democrats sent a letter to President Barack Obama last week asking the administration to develop a coordinated interagency response plan to address the spread of the virus.
In an interview aired Monday on "CBS This Morning," Obama noted the Zika virus is not fatal but stressed the administration is taking the spread of the disease very seriously.
"So, we are going to be putting up a legislative proposal to Congress to resource both the research on vaccines and diagnostics but also helping in terms of public health systems," Obama said.
Just like oil - all connected to oil - rigs ect. Yeah tech is going to have to go through some good pain. The bio sector has been hit pretty good to date and I don't see a lot of down side for the many small caps have already been trounced. The large cap may go down a little more. They are trying to get people into metals. I also believe that the banks are in for it as well. Small guys and retail can't play with the huge short unds they have too much cash and power - trillions.
Mkt is taking a butttt whipping for real.Slamming everything out there big time. They want cheap tech and others. Throwing all out the window. Short hedge funds are laughing all the way to the bank. May take a week or two but it will bounce, it always does after a cover.
Here it is.
Five hundred pounds of marijuana was seized outside of a Walmart Supercenter in Fishers, Ind., on Tuesday, according to police.
The Fishers Police Department said officials seized the marijuana around 4 a.m. They found the drugs in a semi-tractor trailer parked outside of the store.
Authorities reported suspicious activity when two men were found in the semi-tractor waiting to "make a delivery," police said. Drug-sniffing dogs were called to the scene. Police found drugs in the trailer during a search, police said.
Two men, a driver and a passenger, were detained. Investigators were told only the driver knew about the marijuana. The passenger was released.
The driver, Isaac Roberto Aristiga Bojorquez, 25, of Mexico was arrested on suspicion of intent to deliver more than 5 pounds of marijuana.
Tuesday's drug bust marked the largest in Fishers' history, said Sgt. Tom Weger, spokesman with Fishers police.
The truck, which police said wasn't connected to Walmart, also contained coffee creamer. A different truck was used to move the creamer to its original destination.
In the news this am 500 pounds of may jane was discovered in a van outside walMart. The police confiscated it. Who's it was has yet to be determind. I thin it was in Indiana, Not sure.
I personally would not sweat this any further. I like the cos position that the can't sell untill 20 trading for 5 straight days above or at 20. Some am game playing is what it is. They are doing this activity through out the mkt not only here. Every message board is loaded with shorts and traders. Most all want to reload at the lowest possible price for the next leg up. Is there manipulation - of course - it is the mkt.
The'll be a time when the yard barkers get back on the bus for sure. I don't know about next week but I still believe in the analysts with their review of the co and whom have given a $3..00 tgt. The'll be many in the near term who will be sorry they didn't bu the cheap under 50. These will be the ones who turn basher to pile on to slow it down and to spew. IMO buy, be patient and go long.
Go to barchart they 95% buy signals today up 130% since december. When they redo the daily numbers it will be even a stronger buy signal for tomorrow
Looking to the volume at over 2 mil I would say there si a portion no doubt being traded by the makers and shorts. What % is anyones guess. The higher volume is very much so a good sign none the less. Looking for another 1 mil added and a close around 14. To me at least that would indicate a full reversal is in swing. A very low priced pps that moves 4-5 cents is not that impressive and the shown % for a cheap stock has no real meaning. What lends to this is the OS and float that should corespond to the move to the demand. Viewing the historical trades over the past 5 years it shows that this has moved far greater in the past on similar type volume. Should this old patern return as to movement to volume this has only started to recover. We'll see.
Closing out tomorrow is and will be more telling than the close of today.
The BIG issue with thisstock is there is 1.85 BILLION shares in the OF and the float. That is a tremendous amount of shares to enhance any value for the retail. At this pps they need a r/s big time. Like 100k to 1. Otherwise this will never get of the floor regardles. Beside the share issue and once they get that resolved may be worth a shot but not with the OS and float as it is.
This little recovery is not all that surprising in the sence that it was beaten down for no reason from the 20s. The co has put out excelent news but the manipulators took control and shrted it with the whole mkt. The volume is not over whelming to show any chasing or excitment = so far. It may be that the orders from the employees have caused some concern with the shorts and are covering "some" before those orders get filled. The demand put on the stock for the orders is excelent. The volume will show the demand which is always good to see a retrace. Small steps forward is a good thing. Major spikes not so much. Nice to see a move but this isn't it. The ones that took advantage of the low in the 6s did a nice double and will tke profit and or some profit and ride the free trading shares moving forward. Long over due.
The word going around is that the co may be press releasing something near term about zika. Would be great news should that come. We'll be soon back to operating and selling once again from the new upgraded plant. Due for a nice break out, way past due actually. .
In China there were many arrest finding that 900,000 investors world wie were scammed by non-existing cos out of billions of dollars. Because of Cinese failures and issues they the controlling marketiers want to destroy the entire mkt and every co they can through shorting the whole mkt just because they can. The hedge fund bloggers and pundants are raining from the sky. Most if not all are paid handsomely IMO. Someday "perhaps" we'll get the straight forward truth.
Article on how the fed and the fbi goes after the hedge funds and gets 9 out of 10 to flip for them which equalled many arrest. That is fine I'd like to get a message to them about the short sellers and thier non-compliances as well. I am sure that those caught by the fbi and the sec who have flipped over insider trading could have added how the shorts machine actually works. They need to lock down and focus on these types to clean it up. They already have gotten away with far too much and have reeped in billions. If you have a rule that states you must cover your short in ten days then that should be inforced.
You should not be allowed to carry a short for months and even years on end. If you short 10 million shares you must replace it all in ten days. Simple. If you want to continue to short 10 million shares fine, you can do it after you replaced the 10 million. This one loop hole what ever it may be is crushig the mkts and destroying many cos and many individule investors. No one is minding the store and the inmates are running the prison.
Pretty dumb post when the three big blocks were all buys and those orders got filled. Big boys jumping in. Follow the money. Big news is forthcoming. Shorts beware.