I added today as well as we are going to get both a higher high and higher low today as compared with yesterday. I am back in with 30% of my profits of closed trades though, not sure we bottomed.
You've done so well so no need to worry it will run away from you. Take a position that you can tolerate downside to avg down again. I have seen short interest control small biotechs for long time periods.
You won, enjoy it.
I won, I am going to enjoy it
I bought a few thousand shares at .83 recently and considering avg up. It's .99 now, any other s holiding or buying that one. I am thinking bigger position here then take cost out at $1.50 and let free shares ride.
When it went from $1.50 to $6 were longs desparate to sell, not me. Now it goes from $11 to $6 so why would shorts be desparate. With these biotechs the trend is usually your friend.
Avg daily volume was about 100k shares before the explosion.
At 2 mil/day that s still 20 times
Short interest up 10x to 1 million, but 3 days after the Feb. 13 were heavy voume and over 10+ days so more shorting has occurred while some covered.
Weak hand newbies continue to get stopped out daily with these drops.
You owned this company since 2010 so you didn't play it perfectly. Like me you had faith in the product so you kept avg. down when .33-.35 pre reverse. It took a pop to clear breakeven and then some real profits were made on that rnove to 10+ but lets be real. I had trades go up 500%, but net basis only up between 100-150% lifetime.
To me it looks like the stock is forming a symmetric triangle pattern and it is trading in a smaller range on lower volume each day as well. Not sure which way it will break that triangle but either way will be a big move when that happens.
I sold 10% of the $3.85 purchase when it gapped up higher than any prior highs at $10.82. After that I kept selling blocks on the way down getting my last big block out at $8.32. My average out was $8.97. I wasn't going to let these profits slip away.
Bought the 10% back too early at $7.71 cost although that block is still $3 less than the out price but was a mistake. Still holding that.
I have a lot of profits to continue to average down again and put back in but this looks like a falling knife after today. Cost of all shares bought this time will be capped at profits of all trades made in this stock over the years (had a loss trade in 2011, a profit trade in 2012 and a loss trade in 2013 before this huge profit in 2015 so no real historic loss can occur with this stock as I plan on holding some long term.
I just bought in on 2/13 at 3.82 after someone posted on the gene board. I liked the volume spike and potential here. Perhaps many more are coming in here from gene profits. Volume is the key.
That is not a mistake, volume was 400 times average daily volume. I have never seen that ever before. Avg daily volume on that day was about 97,000 shares when 40,000,000 shares traded.
Of course it could. All that has happened in 1 year is a recovery of declines. Look at the historical price action and last Feb 13, 2014 the stock had 2.2 million shares traded and closed at $2.00 which is the equivalent of $10 now with the 1:5 reverse split. After that date, look at the absolute pathetic daily volume traded which allowed it to drift down to its low. Then we had that 40 million share day that was 400x avg daily volume. Look at the volume since, it is amazing. The stock doubling from $10 to $20 would easily be made when revenues may jump exponentially and quickly.