Cash is safety and investors are taking profits because they have profits. It happens every time there is irrational exuberance over a good news release. This company is not worth twice it's last weeks value just because a door is opened to their future. When investors find a bargain here which is probably the case here today, then the PPS will be back up but not in one day. Year end PPS could well be over $20.00 IMHO
They will probably report in March and it will be good for sure. I sleep well at night with this stock and I intend to pick up more on the dips. I'm mostly in cash but I'm hanging tight to my IGXT shares. I don't expect much change in PPS without news or the 10K report. It could take off around March 1st with no news. JMHO
has been increasing sales of their cars and have big expectations for the Volvo brand going forward. Nov. sales up 15% yoy . China auto business is doing well and I expect caas to reap a fair piece of the growth. JMHO Notice also that some large volume stock purchases have been happening lately.
For some background: OCR-002 is an ammonia scavenger and has been granted orphan drug designation and Fast Track status by the U.S. Food and Drug Administration (FDA) for the treatment of hyperammonemia and resultant hepatic encephalopathy in patients with acute liver failure and acute-on-chronic liver disease.
This is a very big deal. FDA does not give fast track status loosly.
I guess I'm the only one holding here. I hate to sell because it will surely go up if I do. If I sell 100 shares I may fake the big boys and they will take this to $5.00 where it belongs
I got some. Someone got 10,000 ahead of me so I lost out on those. I still have a buy order at .28. Thanks to the guy who sold me the shares.
The last trade of the day looks to be an effort to lower the PPS rather than a smart trade. We go up tomorrow.
Look at IGXT and TAPM. Remember buy low and sell high.
I can appreciate selling a portion yesterday in the $4.50ish PPS but the panic selling below $3.35 makes no sense. The news was very posative after all. The PPS should have jumped and stayed somewhere in the $4.00 range if not for insider info. Looks like Shaw is right.