The volume has been high the past few days, with the vast bulk of it on the buy side, but there is an impenetrable wall at $1.95. There's no indication that people are holding off putting money into the stock. The volume would drop off if that were the case.
That's enlightening to know, next time that I need a parking space or a hot dog and beer, I'll go to Braeburn.
I didn't realize that Titan excluded the concessions/parking income from the royalty agreement.
Victor Bauer (director) on 2/25/13 bought 25,000 shares at $1.50 upon exercise of options.
Sunil Bhonsle (president) on 2/25/13 bought 50,000 shares at $1.50 upon exercise of options.
Maybe they were shorting the stock before exercising the options.......hahaha
(That's a joke, wack wack, put down your hatchet.)
I'm almost at the verge of wanting to dump my shares.
The small investor can't compete against NITE.
Every day NITE is slamming my head into the boards.
NITE can sell short to their heart's content.
One million shares, two million shares, five million shares......there's no limit.
The more that they short, the lower the pps drops, the larger the gains on their short position.
Millions are addicted to pain meds and opiates.
TTNP has an implant to treat this epidemic.
Approval by the FDA on April 30th will blow the roof off this stock.
"I am the firm's head of Anti-Money Laundering Compliance. I am happy to speak with you regarding your concerns related to Knight Capital Americas LLC's activity in symbol TTNP.
Call him and get the scoop.
You're not making sense.
TTNP's royalty is a percentage of the sales.
Let's say that the sales are $200M and the profit margin after accounting for manufacturing, marketing, advertising, etc, is 60%.
That means the net profit is $120M, out of which Braeburn would pay Titan, let's say, 17.5% of $200M = $35M. That would leave Braeburn $85M. Braeburn would be netting more than Titan but they would have to share some of that extra income in the form of sales milestones plus they would have already handed Titan $68M upfront.
I'm looking at other stocks......if the ask side has 6,800 shares at $1.27 and someone buys 6,800 shares at $1.27, the ask moves up to $1.28.
With Titan, there is an ask of $1.95 for 100 shares.
100,000 shares were bought at $1.95 and it didn't move the ask.
30,600 more shares were just bought at $1.95.
We're still stuck at $1.95.
You've got that reversed. If a MM increases the pps, it attracts buyers and forces shorts to cover. If a MM drops the pps, it gets holders to sell, stop loss orders kick in, margin calls are sent out and others just throw in the towel.
NITE is known for naked short selling.
They can continue selling until buyers dry up.
Then drop the price, take out stop losses, scare out traders and cover at much lower prices.
That's American capitalism at work called screw the little guy.
We need not fret though, the SEC is looking out for us.
NITE is showing 100 shares for sale at $1.95.
At 11:24, the following blocks traded at $1.95: 10,000 shares, 2,200 shares, 5,500 shares, 10,000 shares, 20,000 shares, 50,000 shares and 4,000 shares.
Did all those buy orders push the price up? No, it dropped to $1.94 ask!
This has been going on for days.
Have you ever seen this at other stocks?