Yeah, it sure looks strong. LOL. Market is flat today, yet CHTP is way down. So much for the strong move up after consolidation in the 2,90s like the OP said. Amazing how people don't know how to read stock charts. This one is in BIG trouble folks. Good luck...
What happened to the strong move that was about to begin? It has fallen to 2.85 despite the market being strong. The stock is acting very weak, and it's looking like a crash is on the way. It has probably seen 3.00 for the last time, sadly.
Temporarily, that is. I've seen this many a time where a stock makes a huge runup over weeks, and then has a huge volume day. A big pullback usually happens shortly after that huge volume day. Often there is 1 more big pump before the crash. I look for the pump on Monday (to near 10.00), and then it will crash back to between 7.00 and 8.00 the rest of the week. But then more pumps will happen in the coming months since the catalyst in still there. It just needs to fall some first after this run and the Friday volume signals that. JMO.
Yes, ONTY having a partnership is what's probably making the difference. Good point. The street likes partnerships and that's probably why ONTY PPS is soaring on phase 3 while KERX isn't doing much.
My Lord ONTY is 8.50 now. ONTY was 3.50 in mid March and has run up 5 dollars since then. That is what you call a phase 3 runup. Why the market believes in ONTY but not KERX is a mystery. KERX should be able to make a phase 3 run with colon cancer results coming out late in the year.
I wish you were right but the stock has had a major technical breakdown. Even when the market is up, it falls. Looks like it has a way to go before it hits bottom, unless news comes out.
Well you're taking a big risk if you're holding for phase III results and approval. Longs don't seem to understand that many phase III trials fail. It's a huge risk. Take a look at GNVC. From 3.00 to 50 cent on phase III failure. I cant take that kind of risk with my money. I wish longs well and hope KERX gets approval. You can make a fortune or lose a fortune by holding for results. I do wish you luck. For me, I will get out when I'm on the side of profit (when it pops back up to 5.00) before the results. I rather take a sure small profit than gamble on making or losing a ton.
I don't know where you're getting the 95% number, but day trading actually works very well for me. When I buy and sell stocks in the same day, I make money about 80% of the time. But when I hold stocks for many days or weeks, I usually lose money. KERX is an example here. I bought it at 4.78, and after I bought it I watched it move up to 4.90 that day. But I broke my rule and didn't take the small profit like I usually do. Because I held, look how far down I am now. Instead of a small profit, I'm at a big loss. I should have day traded KERX but I broke my rule of taking the quick profit. So now I'm stuck waiting.
I don't think KERX's fall has anything to do with the market. It has fallen much more than the market. Look at today. The stock is completely broken. What a mess I got myself into. Is this going to fall to 52 weeks lows here? It's dropping like a rock.
Any guesses on where the bottom might be? I'd like to buy more but there's no use if it keeps falling at this pace. I would lose more than I already have. I need to see signs that it's bottoming out. Does anyone think it will bounce back soon? I find it puzzling that it's tanking like this because it's acting as if it's an ASCO stock. ASCO stocks suffer huge declines after ASCO, but KERX did not present at ASCO this year. Since it wasn't an ASCO stock this year and in nearing critical phase III data for colon cancer, I thought KERX would rise this summer. At the very least hold up. Seeing my account value crash because I bought this is extremely aggravating! 5.00 was supposed to be a resting point before a more significant phase III runup. If ONTY could do it, I don't know why KERX can't.
Bashing? It's not bashing. It's frustration. Are we not allowed to show frustration over poor stock performance on these boards? KERX has tanked so you can't expect happy people. The longs on this board were saying 5.00 was just a temporary resting area on the way to much higher prices, but here we are tanking towards 4.00. I'm mad I got roped in but I won't sell for big losses. Hopefully it will bounce back soon.
Also the average 1 year price target for ONTY is 7.00 while KERX's is 10.00. So what gives here? This makes no sense.
ONTY continues to soar on a phase III runup while KERX falls. KERX has MORE phase III trials than ONTY so what's the deal? This fall from over 5 to 4.44 has been upsetting. We should be running up like ONTY!
Another close near the low of the day. I bought in at 4.75 because each time it fell to around that level recently, it popped back up to 5 dollars or higher. But it feels different this time. It's below the stock offering level now and seems to be in tank mode. I'm losing a lot of money here and I wonder how much more this can drop. I would hope it would run up as phase III results are due out later this year, but it's going in the wrong direction. Too frustrating.
I can deal with drifting but this seems like more than that. It was 5.40 at the end of May and now it's 4.50. It seems as if it's tanking fast rather than drifting. I'm hoping for a little run up into the results due out later in the year. I hope this is the bottom.
I notice every day it opens up, but falls to lows late in the day. That can't be a good sign. Any insights from any of you chart experts? Will this continue to tank?
KERX in phase III just like Onty, yet Kerx is below 5.00 while ONTY is 6.60. What am I missing? I can't believe how KERX has been tanking lately. 4.74 are you kidding me??