By the way it's trading, I think it will close over $3. I thing the fact that the on line brokers wouldn't let you buy without calling first artificially let the mm's drop the price lower that it should have gone down to.
I had to call E trade to get shares. Thanks god I didn't buy at pre-market like I was trying to do. WHEW!!
Been watching the action very closely since I bought in on 06/04 and noticed that the pps is dropped early in the morning on very small trades. Any time someone puts up a few thousand shares for sale, the shares get gobbled up and the pps gets dropped back down again on small sales. At the end of the day, the pps gets dropped back down on small share sales in order to keep the price down. I think this is done to discourage the impatient traders who are looking for more action, or, to force the hands of those that cannot hold any longer. I think the smart money knows that this is a steal at this price and it's a matter of being patient. Hopefully the week hands are almost gone and we will see a slow rise back to $8 in the next few weeks.
I'd say that 100% is a pretty good success ratio, wouldn't you?
Sounds like great logic to me. I wouldn't say that you are dumb though. Sol Barer, COB must be dumber than you because he just bought 2.5M shares at almost twice the price that you did. He was the founder of Celgene and it is now a multi-billion dollar company. That alone gives me confidence in my decision. I only have 1/10th of the shares that you have but it's all relative. Good luck!
Don't laugh too loud iceman, I have seen 350 baggers before. Can you say $JAZZ ?
I have know idea what I am trying to say. I did go ahead and buy some today though. Hope it works out well.
It's pretty common to see a 6 month extension, but nothing is for certain. If it doesn't hit the $1 mark, they could always do a reverse split to get it over a buck. Reverse splits are bad for some stocks but it may even help this one because of the high insider holdings. I don't see any issues at these levels since Brodfin bought in at .85 and they now have 3 members on the board. I bought some yesterday and am considering picking up some more. Good luck!