When I said "getting back to business", I did mean to say that I'm thinking they have been holding back worthwhile information so as not to have it muddled with the ongoing criminal investigation.
And, FWIW, I absolutely agree with you about the shoddy communication between management and shareholders. As in "none". When the next shareholder meeting occurs, there ought to be a group of shareholders acting in the same manner as the crowd scene at the end of the first Frankenstein movie: with pitchforks and burning torches storming the castle.
Even if management tries to gag the crowd during the meeting by saying "no questions", I wouldn't sit still for that (yes, I prefer to stir the pot when the pot needs stirring). We shall see what comes about soon enough.
With no news coming down the pike, the STSI pps remains range bound for another week. Hopping around in the $1.90's, it awaits a catalyst to move it up or down. Meanwhile, a mammoth base at the $1.90ish level continues to build. I remain convinced that the brief run up to $2.50 was instigated by the MMs to drum up option business during the final week before October option expiration. It also explains why the price ended below $2.00 on OPEX Friday --- deflating all those calls that were bought in the hype of the run-up.
Where to from here? As I've been saying for several months: nowhere. And this will likely be the case until the JW political circus is resolved sometime after VA's election in 10 days, at which point the company can put this issue behind it and focus on business.
I'm sorry that the pps continues to disappoint stsinomo, who insists that it crater down to $1 and below. The chart does not support that move at this time, just as it doesn't support a run to $2.50 and beyond. His insistence these past weeks that the pps behave as he wishes does make for a good laugh.
What a worthless response that repudiates your original assertion. You can't even prove your assertion, so once again you've been caught LYING. My TA has been SPOT on for the last 6 weeks on STSI. If you don't believe it, go back and read my TA posts. And guess where the stock price is: right where I say it would be ... until we get the politics out of the way with JW and the publication of the thyroid study. That is called BEING CORRECT.
You, on the other hand, keep calling for the pps to crater downward. Week after week you say this. And week after week ... your TA is dead wrong.
I stand by mine. Your TA? Worthless, repeatedly. No wonder you lash out at someone who is clearly your superior in this area.
Well Nomo....I"m still waiting for you to prove your assertion that my TA "waffles so much you can't keep it straight."
What's the matter? You make another assertion that you CAN'T prove?
Nomo says "Shares were sold."
Nomo is clueless, spewing his intentionally misinformation left and right. Yet another black eye.
So nomo claims carlcimini is lying about the 50K shares being bought by Burton. And asks why I didn't stop him from lying.
Answer: I knew he wasn't lying. But I did know that YOU, nomo, were lying.
Hilarious hijinks from the shorts who can't shoot straight.
"My point was that the person was not a professional as claimed... Saying a death spiral is only the most extreme case is a very narrow and inaccurate definition."
Amazing that you can tell who is a professional. And who isn't. Judging by the quality of the posts between you and catattack007, I'll take catattack as the person who knows what he's talking about. You, nomo, got caught (as usual) in a situation where your knowledge of the subject matter is overwhelmed by a professional who does it for a living. Calling his points "too narrow" is a very poor comeback, basically admitting that you have no valid response.
Wait, I stand corrected. As I just read below, you do have another response. You called him a cross dresser. Now that is pure class. I don't know why such salacious posts of yours don't get 20 thumbs up. Slandering somebody you don't even know. Why am I not surprised?
This was no pumping scam. It was, as I suggested, an effort by MMs to drum up some option business prior to October OPEX. The pps had flatlined the previous 5-6 weeks, giving them no business whatsoever. So they ran it up to 2.50 (the higher strike price), kept it near there for a couple of days, then made sure to drive the pps BELOW $2.00 at OPEX so that those calls would expire worthless as well.
MMs are not your friend. Keep that in mind when you see the pps of ANY stock behaving in a manner that is inconsistent with the news (or lack of news) accompanying it. Such was the case with STSI in its latest quick run up.
This is pretty sloppy hit post against STSI. It has been reported on this board so many times I've lost count as to the difference between Abloc and a regulated FDA drug. Izof probably has the most posts for explaining this difference (and I see another just tonight). YOU should have known this.
Now, when/where will the FDA interact with Star? At the point where:
1) STSI publishes a study (probably the thyroid study) which shows statistically significant improvements in the health of patients.
2) STSI intends to offer, via medical professionals, an advanced version of Abloc (possibly an injection of higher quantity of anatabine).
At this point, the FDA would have to step in to ensure the safety and effectiveness of this 'supplement'.
So my TA "waffles so much you can't even keep it straight".
My response: Prove it.
I'm more certain than ever that last week was a run-up orchestrated by MMs wanting some option business before October OPEX. And they got it, and a lot of people who bought calls thinking STSI was on a run a lot higher got burned. Too bad, cuz I wasn't buying the run-up unless there was a catalyst associated with it. As I stated in my TA weekly posts. All of which are consistent and logical.
So, once again: Prove it.
I'm looking forward to your response. Meanwhile, perhaps you and your short friends can start getting your lies straight, such as those pertaining to GNC. THAT was easy to prove.
The "hit job" you are referring to (on McDonald) would never have occurred if the governor had reported all of these gifts and money given to him and his wife by JW. McDonald violated ethics laws, which is a felony (i.e., he lied on the forms). If you're suggesting we just ignore these infractions, I'd like to hear why we should ignore them.
As for the current VA governor race between McAuliffe and Cucinelli, all you need to know is that the republican candidate (who also received gifts from JW) has irked women in VA so much that Cucinelli's support from women is 20% less than the democratic candidate. So even if the dems run "one of the sleaziest people known to man", as you put it, it's the actions of Cucinelli as the attorney general that may decided this election. That, plus the gov't shutdown that really irked people in northern VA also won't help Cucinelli. You can google these various topics if you want the details.
"...A lot of you are going to be surprised at the price action when it does come out."
What a joke, nomo! All this time you've been saying that the study isn't coming out or won't be published because of inconclusive or bad data. NOW you're saying it will come out.
What is it with you shorts, anyway? One of you says GNC won't tell anyone about how Abloc is selling; the other says the opposite. Now we get conflicting signals on the thyroid study.
You guys are losing your grip here. So much so that your posts supply a laugh-a-day! Thanks much for that.
"...which tells me that something even more sinister may be at play here."
With MMs machinations and various short trading strategies, I have to agree with you. I still think the next pps catalyst is the announcement of the results of the criminal investigation into JW's and Gov McDonnell's activities. And that won't occur until after the VA election on the first Tuesday in Nov. I don't see the stock running up to $2.50 again as there is nothing to be gained by the MMs.
The key here is that if you see through their games and figure out what their end game is, you can make a lot of money playing them just as they play the STSI investors. In this last case, if you figured out that the MMs would make sure that all STSI Oct 2.0 calls were going to expire worthless, then selling those calls for $0.50 or more a week beforehand is a brilliant and very profitable move.
The one week breakout of STSI to the upside (um ... as opposed to the downside, which the local short TA gurus keep calling for) ran out of steam. More on that in a moment.
If you'll recall last Friday's chart post ("Breaking Up is So Hard to Do"), I indicated that I had called for STSI to remain flat-lined between areas of resistance and support that had developed over the previous 5-6 weeks. I had called for a breakout of the doldrums only when some news event came along to warrant it. The breakout came, and I said on Friday, "I look forward to seeing what prompted the breakout". Well, nothing did, as far as I could tell. So, whereto the stock price, lacking any concrete catalyst? Back down to the comfort zone between $1.95 and $2.05, where it sits today. No surprise there.
Now, in hindsight, WHY did STSI break to the upside? Here's a conspiracy theory for you to mull over. Given the week after week of STSI pps stagnation, the MMs were getting very little business, if any, in STSI options. And guess what? This week is October OPEX. So, in order to drum up some option business, the MMs catapulted the shares right up to the $2.50 strike price over 2-3 days, generating some heavy volume in the 2.0 and 2.5 calls that expired earlier today. The MMs knew full well that they were going to drive the pps back down BELOW the 2.0 strike in order to make sure the calls expired worthless. And they executed this money-making strategy perfectly. They sold calls to unsuspecting suckers, who I hope took any small profits they might have had before they went down to $0.00.
The more I think about this 'theory", the more I believe it (my cynicism for MMs is showing). Meanwhile, the shorts can't keep their lies straight. One short says that GNC sales clerks tell him that the product isn't moving, while another short on here claims clerks will never tell you how a product is selling. Nomo and Drum: the Laurel and Hardy of this board.
"I never said that amount was bottles."
LIAR. In one post on a different thread, you claimed that STSI had just over 13K customers, given the NUMBER of BOTTLES sold at $60 per bottle.
You can't even keep your lies straight. Those who tell the truth don't have to remember anything but the truth. But liars keep tripping over their own feet, one of which is usually planted in one's mouth.
If one looks back at stocks that take a big hit, particularly biotechs, you'll see a pattern emerge over the first several days after the drop. After a small blip up on Drop + 1, the pps often drops down further the next 2 -4 days. Reasons: Some who have to sell are waiting for a higher price, but in the end they throw in the towel at lower prices. On Drop + 3 we'll see the margin calls kick in and cause more forced selling.
Those looking to make money on a pop back up: be nimble if doing it intra-day trading, or buy at Drop + 2 or 3, to make a quick buck. But the outlook for AMRN itself right now is cloudy with a chance of heavy dilution.
When did this happen? I must have missed your post saying you went short at $2.50. You wouldn't be post-dating a transaction, now would you?
Still waiting for your TA calls of substance: WHEN will STSI go below $2? Further, when/if it does, will it stay below $2 (heading to $1.00, as I recall you predicting some time ago)?
You love to toss out predictions left and right, but you apparently lack the cajones to make the tough calls.
No surprise there.
So this is your prediction for today? Is that your second prediction this week? Every time I turn around you're making another prediction ... which hardly ever materializes. If you throw enough garbage out there, something might stick to the wall, but everyone has been conditioned (by you, no less) not to take your musings seriously. You're still underwater on your short, your "$1.90 is the top!" call still makes people laugh, and your over-the-top desire to be right about something is interesting to behold (to say the least).
You see, if you want to be taken seriously, start by telling the board WHEN the stock will drop below $2. Just saying it will at some point do that is hardly a tough call to make. And also, tell the board if the stock will STAY BELOW $2 if it does go below $2. Those are the makings of true TA predictor. So far you've just made yourself a laughingstock.
Yes, and a meteor could fall into your bedroom tonight. With you, anything is possible, as long as it has dire consequences.
Under the KISS approach to the unknowns in life (KISS = keep it simple stupid!), the study results most likely will have the impact that STSI1967 predicts. Why? Because of the nature of conducting studies in the R&D environment and getting them published. Your claim that they are not complete is fallacious; they were completed some time ago. The holdup remains with their publication in a refereed journal, timed to be released (IMO) no earlier than the resolution of charges against the CEO. Further, any study suggesting a groundbreaking result from anatabine will require extensive peer reviews to ensure medical accuracy. Part of the peer review process will be an extensive discussion of the MOA underlying the medical benefits seen in the study. If something good is happening, then WHY is it happening? There will be no publication if that question isn't answered to reviewers' satisfaction.
If results were negative, there would be no reason for delaying the publication as the only requirement would be a memo to shareholders: "Sorry folks, we tried and failed to find a positive correlation between anatabine use and improved thyroiditis conditions." There is no peer review required for that outcome.
Your lazy suggestion about incomplete studies causing a negative impact to the stock is the opposite of the KISS approach in the R&D publication environment.