PS: Short % was very low today. People are taking their money out of this in this market for other purposes. What happens next is anybodys guess. Those who purport to know, know nothing.
Why do you care? Aren't you more interested in talking about the science? Experience tells me those who get in the gutter to retaliate are no better than the offender they felt harmed by.
Can't say what will happen as I'm a realist, not one of the bashers/pumpers but it's hard to believe the downward pressure is over here. You might hold off and see how it reacts in the morning. With the swings, if you see it drop again I have to believe you'd get it under a buck on the next drop.
OK but then given that we all might as well buy stable high dividend stocks. The fact that we don't simply says one feels more comfortable going for the big one and one feels more comfortable going for swings.
That's ok. I'm gonna wait. It looks like it's trying to stabilize at $1.15 and that's ok but I wouldn't take that chance with the downward trend the past few days. Personally, I'd give it another day.
What is a day trader exactly? How about a two week trader? And why is that so bad. In the end some will hit the lottery but some won't and them some will work each day and put some money away and have a nice nestegg for retirement. Hmmmm, all the hype here is to go for the lottery ticket. Wasn't so long ago that was illegal and for a good reason I might add.
Just wrote another post. Look at the size of the bid volume. While the sales volume isn't moving much the bid volume is increasing and I think that bodes well for pressure on the pps to rise. I think your purchase price right now is a good one.
Today we see lower volumes still as a trend but the stock continues to channel in the $30's. The bid size keeps growing and still no movement. Tells me the people owning the stock like keeping it and the bidders should move up. Sure they may get some pieces at the current bid price but as the bid volume goes up the pressure on the pps will be upward as well.
Weak hands doing 5 million shares worth of damage. Hmmmmm. That's a new one on me.
You have 2 1/2 hours to go. Not saying you're wrong but not saying you're right. Wouldn't be me to make that statement though at this time of day given the morning this has gone through.
To say you'll let him know by December is an admission that you are invested foolishly. You will disagree I'm sure but this stock has a pattern of doing this and if you play it you'll make plenty. Will you be the gazzillionaire if it hits? No but then again what are the odds of a drug making it to market? One in 50,000. I'll buy some lottery tickets with the money I've made on the ups and downs. And I will admit I screwed up this last time buying back in in the $1.30's thinking it would hold there and not come all the way back down again but I was wrong. Even so I still have almost a double pocketed. Will you have that if this craps out or will you start buying lottery tickets.