Sellers were trying hard to keep this down but every time they tried to sit on it some big buyers stepped in. I wouldn't say there aren't any sellers at this level because there's obviously a good amount of overhead supply, it's just that there's more buyers down here. You can see it in the intraday trading of shares
Looks like I got the 6.66 close today instead.
Yume still in short term uptrend from the beating it took Friday I'm willing to bet we get over 7 by end of week and consolidate.
Wasn't dead on but I'll take the green day. I still think YUME rallies this week, it's way too cheap and earnings/guidance wasn't bad at all. When you have analysts coming out afterwards reiterating their price targets, you know the stock got hit for no good reason.
I'm also still laughing at the idiot that tried to scare the stock lower in pre-market by putting 10k shares on the ask at $6.00. Those shares got eaten up fast and the stock didn't even trade near there the whole regular session. Someone was even dumb enough to sell 500 shares at $5.75 pre market as well....dopes.
Nice intraday chart set up, uptrend clearly in place. Assuming the markets don't take a huge hit over 200 down points, YUME should close around that 6.66 area. Some nice support today, probably coming from shorts that want to move on to greener pastures and weak longs that sold out Friday during the panic. They could have sellers remorse after realizing YUME is dirt cheap right here.
And...there's support coming from the 2 analyst notes over over the weekend basically reiterating their buys on the stock along with keeping their $11 and $13 price targets intact.
They haven't even fully rolled out programmatic and their guidance isn't factoring in progammatic for 2014', si in Essenes, they're going to be raising guidance in 2014' once those revs kick in.
Listen to the CC to get the facts before you make yourself look stupid....but, thanks for the 1200 shares at he 6.30 area I just bought 30 minutes ago.....keep wm coming
If you were to say that a week ago I would have called you crazy....actually, I think i did tell you that...hmmm, you may be on to something here, especially the way this is trading. Someone is absolutely killing this stock by dumping shares. All afternoon in 5k lots hitting the bid in .001 incriments, which means the MM is skimming .001 for every share...I ended up buying back all the shares I sold Tuesday but I don't feel good about it now. I'm betting on mid 2.50's holding up. I've got a stop in just under 2.50 and if it hits then I'm out until it gets some momentum back.
We'll against my better judgement I just got a half fill buying back my trading shares sold yesterday, still have half my order sitting on 2.63..
I must be a glutton for punishment...but...gotta trade the channel.
Not gonna lie, today's action does not inspire confidence, i put a stop in at 2.92 when we crossed 3 this morning, sure enough they got hit...sold out of half my traders bought in the 2.60's/2.70's. I wasn't about to ride it back down to mid 2.50's.
Something smell fishy, we should have closed over 3 today, especially with the upside volume late Friday and early today. Someone is dumping big time, no two ways about it.
Don't understsnd where you get your volume/closing price prediction data but, to each their own. It's virtually impossible to sync a stocks volume to it's closing price, it just doesn't make sense
from 3.90's dow to 2.50's in the past couple weeks....id say thats a pretty steep correction
No offense but you are so dead wrong. You said the market topped out a few days ago...and how has ARTX topped out? Today was the first heavy volume up move we've made.I'm not trying to be a wise guy but do you know what "Topped out" means? When a stock has a big up move over a long period and then either makes a double/triple top...or gaps up big and closes down, or opens up at a certain price, runs up higher and then closes on the same price it opened on.....all of these things are indications a stock is "Topping out" after a runnup. Quite simply, a stock tops out when the buyers are no longer interested in buying the stock anymore because the risk/reward has swung towards the bears. Stocks top out after a good size run over a period of days or could be weeks. ARTX has been making a base (Trading within a tight range for a week or two creating a sideways channel), so technically it's not "Topping out". A stock can "top out" intraday but again, the paremeters above have to of been met. On a 1 second intraday chart ARTX may have topped out but that's very difficult to say and most swing traders (Not day traders) wouldn't use a 1 second chart to determine a stocks direction. I mean no disrespect but you're using the wrong terminology.For future reference: When a stock bases for a while and then either explodes above that sideways channel, you want to buy...it's called "Buying the breakout" and most real traders buy at that point,The same goes for a stock exploding through to the downside of that sideways channel, it's where a trader will either short or put a stop loss order in (Just under the channel). Some traders (more conservative safe traders) even wait till the stock comes back to the breakout area (called testing a break) before they buy/sell the break.
If momentum stays alive it's onwards and upwards to the 3.14 area I believe (Can't remember what the downside support was when we were up in the mid 3.00's....maybe 3.11-3.17 area?? It's been so darn long since we've been above 3 i forgot).
Nice action today and great volume confirming this up move, exactly what we want to see. I just hope our sellers don't come back in on Monday, especially with the overall market a little over extended. I think maybe ARTX will stand strong even in the face of a bad market. We've really burned off our "Overboughtness" over the past two weeks and we made a really really nice base at 3.65.
I was actually pretty patient waiting for ARTX the past few days (I almost sold out of my trading shares bought all along the 3.50's-3.80's over the past two weeks). If I didn't catch a good run in IO and NLST this week I probably would have ended up selling the ARTX trade to find money somewhere else. Still holding the long shares till we get well above 5 bucks (as long as earnings look good).
All my opinion....good luck
Finally shook off the sellers.
There was a 10k order someone through up on the bid and someone sold exactly 10k right into it, afterwards another 10k went right up on the bid.....I think it was at that point that the sellers/bears realized their time was done.
I wish whoever was selling the #$%$ out of this thing would hurry up and finish already, every spike is meant with tons of overhang..
Wonder if a big player is selling out of their position, gotta be someone liquidating. There's just too many shares that are constantly hitting the bid or sitting on the ask....doubt it's retail players
ARTX broken for past two weeks, not sure why but we've been trading in a small channel (1.50-1.80) for the past 13 trading sessions....when we break out of it on volume it's going to be a violent move up. There always seems to be big buyers on the hid and someone else there to feed them. Not sure what to make of it..
Well we got a .50 cent move already. I think it's entirely possible we close that gap at 4.40 area. TOnights report was pretty strong (alot better than I thought they'd do).
This year looks more back half orientated but we'll get more color on that on the CC tomorrow. Even with that back half earnings power, the first few qtrs won't be stinkers like last year and all the issues they had, even if we're doing breakeven to slightly up this qtr and next, they'll come in strong the last two qtrs.
We could be looking at .75-.98 cents a share for 2014. (I'm going to run numbers after CC tomorrow), if that's the case, you can consider todays price a thing of the past.
Wow....just a really nice clean qtr. No stories, no mix ups....just good performance all the way around. Amazing
Just took it out.....lets see if we can get a little momentum behind it...
Everyone get out and push
Market just had it's best 3 days this year, how is it weak? You don't make any sense.
ARTX has a heavy seller liquidating for the past two weeks...once they're done we move higher...period