Take a look at ASM, low forward P/E and Yahoo is predicting a .37 cent earnings for the year. They look like they're about to breakout too. Just saying...
Yeah I don't know either. Looking at the "Key Statistics" on Yahoo, the company has a low forward P/E and lots of cash, low debt. I think you'll see it pop in the near future. Just my honest opinion but there is no reason for this not to be climbing towards it's fair value. It is certainly undervalued at this price.
Its not near over bought if anything it's still oversold. I don't know what indicators you are using but you need to change em!
When you see this game being played, they are trying to rid the stock from the weak hands so they can buy cheaper. In the future when it looks like it should go up but doesn't, just assume the bigger money wants to enter the game with your shares. Sorry it happened to you. Years ago I use to get hammered like that until one day I grew the needed tools to say #$%$, I'm keeping my shares, and then they turn around and go right back up. But not with my shares!
The more important question is, why did it go down on good news and good forward earnings projections? OCRX has less than 20 million outstanding shares so it is very easy to manipulate. Now if I had the funds and I wanted to buy cheaper, I could sell this thing to zero if I wanted to. Then, Buy it back. It's a dirty game but big money plays that way. And sure some short covering could help, but I rather think some fund wants to accumulate at a cheaper price. Problem is, the facts will never be known. I've just seen this kind of game so many times and I know my little nest egg isn't going to push it down, so someone with money had to have done it.
I remain confident that the big money, is in, "Apple Pay" and the company or companies supplying the chips for the IPhones and the merchant's cash registers. Does anyone know for sure who Apple's suppliers are?
And besides, Stifel has a 15 to 19 dollar price target on this company. If there is an investment firm I rather not go against, it would be one that has been ranked in the top 5 out of the last 9 years. And they are a multi billion dollar company, •3rd largest provider of U.S. small cap stocks in the U.S.
Since when does short term mean anything in stocks. The fact is, stocks are purchased on projected earnings and events. Well, no doubt your new, my only advice is use a tight stop. And, that's not a bounce you are looking at, that's the beginning of a new uptrend. There is a major difference. A bounce don't move the indicators like a trend change. Anyway, good luck with that one! :)
I dunno, but I'm putting a buy order in for .89 cents. I figure I may as well play the bounce. You always have one after a move like this.
I would consider this move a bit parabolic in nature, not extreme but parabolic none the less. My experience, all parabolic moves retrace sooner than your ready and normally without warning. Keep a close watch!
Well I think you got your wish! Hopefully this will rebound nicely in the near future!
I hope you're right. The market sure hasn't taken kindly to it after Hours. I bought ANTH and ZGNX at about the same time. I thought zgnx had more potential so I sold ANTH which I paid 2.36 for and bought more zgnx. How dumb of me. :)