I would hope so, but it seems for every good news post, the stock goes up a little, then gets clobbered by a string of negative pumping. This is clearly a dangerous lottery to be in, with a high ticket price.
I feel like we are on the Titanic. We've glazed along the ice and are about to hit the big one. Not that the stock won't recover, but easily could go to $2 and stay there for a while until they pull this from the bottom of the ocean again. And help us all if Neuvax is bad news. It was drifting on low volume yesterday, but momentum is picking up and Friday could get ugly.
Stocks that move flat for a long period of time tend to shoot up with momentum. Stocks that go up and down and continue that cycle typically float down, down and down on average. So the current trend is our friend. Don't expect this sudden rise to regain profit immediately. Just hope the stock stays in this trend. The charters among know what I mean. We are building a good base here. Remember that not all stock followers (aka Yahoo Finance) are following Seeking Alpha, so the impact is not 100%. Seeking Alpha should be sued, not GALE. If you were an officer and the price was at $7 and analysts said it should go to $12, would you sell? My guess is they decided it was a good middle price to sell that would make a good profit but not draw looks from the SEC if the stock kept going up--but Cramer was shorting, so The Street went after them and the rest is history. Stock trading is the most crooked enterprise still existing in America, and The Street and Seeking Alpha are right up there with the PACs when it comes to making money off of influence. Until that changes, buyer beware, beware, beware...this is a game of making money NOT investing like you think. If you want to invest, buy mutual funds and blend in with the average. If you want to see what similar stocks have done follow a similar trend with apparent insider trading then look at KERX and RMTI price trend in the last 6 months.. They managed to weather the storm.
Sentiment: Strong Buy
It's called naked shorting. Selling shares you don't have. Most of these sales are computerized, but an MM can dump without covering as long as he buys back at some point-but if they get in too deep, they just close up shop and start another business under another name. Doesn't show up as a short sale, just looks like someone is selling. It's a scam that has been going on in Wall Street for years.
You are right, nothing has been filed, but take my word for it--it will. Doesn't matter, the stock will react regardless, and most likely negatively.
This is going to get real ugly. This could expose the officers, and if so, the stock is going to go into the pooper. UGH! I'm getting out. I hope it goes up from here, but this is putting too much stress on me. There are better opportunities with less out there IMHO.
There is just not enough momentum to keep it up regardless of the good or bad pumps.
but boys and girls, this is no place for anyone to be in right now. If this goes below $3, we are all in deep do-do as it will probably drift back to the low $2s after that IF the market continues a downward trend and take a year if not longer to come back. I hope everyone is young enough to wait this out.
No, they simply got out at the top as the market started to turn. They wouldn't sell unless they knew the stock was overpriced. The amount of revenue that can be generated by the drugs in the pipeline for the next couple of years does not support a billion dollar cap and they knew it.
Because the stock can gain or lose a $1 in one day. Let's say the stock takes off today and you get the urge to buy in, but you buy in at the top for the day. And at the end of the day, it plunges back down, and you could get a margin call the same day.
When a stock gets volatile on the downside, it creates a huge issue for margin buyers. That's why the stock takes a dive in the first hour as the brokers dump shares to meet the call. And having the stock dive starts ringing all the margin bells in succession. Once that's over the stock usually rebounds a little, but the damage is done. Shorts know this and play this especially for stocks that have special margin requirements. Investors just have to be on margin in their overall account, not just this stock, and this stock will trigger a margin call for all the stocks in their portfolio.
Forget the news. Cramer has this trading the chart based on no earnings right now. You just need to ride it out. That said, the 50 day support line is around $4.50, so look to buy around that. And if you think it can't go to $4.50, you probably didn't think it could hit $5.75 today, but it did and even lower yesterday. That said, it will be a dive to $4.50, and then a recover--maybe tomorrow or Friday.
Then buy. It will take a couple of days for this to settle into a new trend. Be patient. For those of you caught in at a high price, I say wait, the stock will bounce back by mid year. Now it's just more dilution that must be absorbed, and a possible buy. Shorts will cover at this price, but that will just make it look like support that really isn't there in the long run.