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 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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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.
Some will use aq percentage move on very small caps but I personally don't. The moves to me that are more clear are the money move to the traded volumes in ranges. A stock like this can move 30/40% with little dollar movement. If one is new to a stock what eles is relevant is the historical trades to see where the stock has been over the past 12 months and connect that movement to any press release to see if the stock waqs taken down, shorted for any apparant bad news. If there was no bad news and the stock has been hit just for the simple fact that they can short what ever they like then the bet would be good that a retrace to the past high before being shorted has very good odds. Current and further good news only enhances the possibilty of a surge up.
The mkt blows big time. The shorts are having a field day and making a killing for real. How long did the last crash take to recover from the financial beat down when they also threw all cos and stocks under the bus before it turned up huge. Cosl like F Ford beaten down to $1.10 and many many others. Smae working in the mkt. Who knows when they will spin a different story another couple of weeks maybe longer. My bet is by the end of the month at the longest. They want the high flyers down and they are taking all others with them. They also played oil and gold huge as well. We all know the many, many excuses put out there. If it wasn't Greece, it was south America, If not that then it was EU, If not that it was China, If that wasn't working it was the terrorist. Pick one. There are many more we could all name. They use this stuff to manipulate the mkt. Many times the baby gets thrown out with the bath water. Remember this, there isn't one co out there that doesn't have an issue within that co. There is no perfect co. All you can do is find the potential and stick with it and just let the pundants perform and do there thing.
New zika case in Maryland discovered yesterday. CDC asking for 1.28 billion to get a cure and start trials for the next 3 months in a phase one. They will be collaborating with cos that have potential drugs to use in a trail. Since we have already been involved with the army I am sure that the co will be be asked to show what that collaboration produced. Definetely this co will be involved in some fashion IMO
It is nothing more than the observation of "potential" given the cos past collaborations with different institutions and the Army. These collaboration have produced the "potential" for the cos drug. This is what we know.