A couple of years ago, more specifically April 26, 2011 - May 3, 2011, when ZLCS ran up from $2+ to $3.21, there were a handful of posters who had been pumping ZLCS for a couple of months up to the high, then, as soon as ZLCS hit a high ($3.21) on or the end of April 2011 or beginning of May 2011, the primary poster, stockdaug, also known as scistat, smitty, palmetto, ctbradley, kj, disappeared. At that time everyone finally realized that the Stockdaug, aka Scistat, was just a pumper who posted scientific data to lure in the unwise, unsophisticated investor.
Now, Scistat is back at it again.
Grasshoppers, do your dd before you hang on to ZLCS or put in any money. You will be glad you did.
Personally, I don't know where ZLCS is going, up or down, however, when someone like Scistat is pumping a stock, you will find me running for the exit door.
Do a right click on Scistat and Stockdaug and you will find all the evidence you need to be wary of Scistats posts.
I am a retired cop, not trying to be an alias cop, however, I am simply trying to make you aware of the presence of Scistat, and the harm he can bring down.
When I bailed on 10/21, selling at $15.24, I stated I may return if this POS drops to $11. Someone responded that albeit it may drop to $13, it would never see $11. Well, this POS is at $11 in less than two weeks since I bailed, so, I think I will see if it goes to $9, maybe the low $10's before deciding to gte my feet wet again.
Just, I have no crystal ball and ZLCS was the only BioPharma I played with, after reading about it on the SYN board in late 2010. I bought @ $1.98, saw it rise a few months to $3.21, read a myriad of posts by Daug, SCTS, and a few others praising the stock, so I hung in.
For some reason I did not keep my eye on this stock and before I knew it the price was down to $1.40, then .40. I bought some more in the .70's, thinking if it would rise a measly two bits I could recoup my losses and also make a couple grand.
Well, my thinking paid off several months later and I bailed.
I can always get back in, but as the old axiom goes, "fool me once, shame on you, fool me twice, shame on me."
Even if PH II is a success, IMO, because of the R/S, can't double as it easily could have pre R/S. Yes, it may pop 25-35%, but look where it is now and where it is going. There are better places to put my moola now that Hussein is killing the market.
Now is a buying opportunity for other stocks than ZLCS. Just my opinion from a person who makes money in the market, but looses some too for being to darn greedy.
It is not going up. It is down to almost the low of the day before the exchange closed.
Two things are happening; 1) the news is out that Z160 PH II is unsuccessful; or 2), the shorts want to bring ZLS down low enough to buy.
What do you think is happening?
The timing, Suzy. ZLCS had plenty of time to decide the R/S, and since we were so darn close to fulfilling Nasdaq one-buck minimum, it seems to me, something was amiss for the split. My definition of "something is amiss" means Corrigan and company know that Z160 testing is not doing well, thus, IF it fails, then, the drop in share price will keep it above a buck.
Just a thought.
I don't trust any of the folks who run these companies. We are the grunts, expendable, because there is always someone looking to make a buck, so, when we leave, someone will be found to take our place.
I am not bashing or pumping ZLCS, I just want answers or feedback to facilitate my thought process and thus help me make, rather than lose money in the market.
Moments after announcement of the R/S, many folks posted herein that the R/S took ZLCS out of being classified as a penny stock, therefore, with the lynchpin released, the door was swung open enabling institutions to commence buying. The premise for that position was based on the opinion that institutions are proscribed from buying stocks under five bucks.
Well, to date since the R/S, there is zero evidence indicating any uptick in institutional buying.
Moreover, as evidence by the stock price since the R/S, not only has ZLCS returned to its former position of being classified a penny stock, but also it will likely fall under five bucks tomorrow.
I keep checking to see if I made a mistake bailing last Monday, September 30th, and if I did, to possibly jump back in. As the evidence reveals, even if ZLCS was able to consume a bottle of viagara, ZLCS ain't gonna rise.
Hey, this is just an opinion, so, all you folks holding, please don't get mad at the messenger. Take your frustration out with management. They caused the problem, not me.
The Message Boards are for ideas and comments about stocks, not a place to voice frustration over an opinion submitted for consideration.
A few weeks ago I lost a couple k in profits over at OUTR because of the shenanigans of management. Management, like Goldman Sachs, is 100% crooked - out to screw those who put money into a stock.
I am on the West Coast and when I made telephonic contact with Zalicus at 617-301-7000, the receptionist politely answered, stating in relevant part: Good afternoon, Zalicus, how can Mark take more of your money?
Albeit the receptionist did not make such a statement, she did answer the phone, so Dougie, the facts reveal your posts have zero relevance, or, you don't know how to dial a phone number.
I was hoping from a previous post of yours regarding the exact number of shares being sold and purchased, you may be on to something. After reading your recent post about ZLCS office being closed, the evidence indicates you should be placed on ignore for being non-relevant.
Maybe Mark will give you a job, if you can dial his number correctly?
Hey Zach, the folks here got screwed big time last Monday, so stop the hype.
If you have a ton of shares to unload, just do it and take the loss. The POS is going BK as soon as the law suits are filed and served. ZLCS does not have enough moola to pay a ton of attorneys to represent them.
I apologize for the "you deserve" comment. No one deserves to lose or gain anything. We all should use our best judgement based upon past experiences and if we win, then that is great, but if we lose, then it is another learning experience.
I don't wish and ill will to anybody on this Board. Because I don't own any shares any more, I have no vested interest if the stock surges or plunges, but if the former comes to fruition, then, I can use that as something learned and maybe jump back in for some quick profits,
And Grasshoppers, that is not a good sign: way overbought.
The RSI indicator does not go over 100, so longs, which I was until Monday, tread carefully.
Notwithstanding all the info that has been flowing in today pointing out the justification for the R/S, IMO, management could/should have waited since we were almost 1/2 way to being over a buck for the requisite reporting period.
A man has to be carrying big b@!!$, or a woman heavy ovaries to be long on ZLCS from yesterday on.
IMO. management intentionally raped us longs with the R/S.
By the way, did management ever release information that they were seeking Orphan Drug status?
If not, why not? The timing between release of the ODS to R/S is very suspicious.
I lost all confidence is management after yesterdays announcement.
I am a former federal special agent and presently a criminal defense attorney, so, being skeptical is my tool of the trade.
Longs, don't get perturbed at me for asking questions and posting my opinions. I really hope you make the dollars you want. Just remember, there is no free lunch and there will always be someone looking to take what you have.
I am out at $1.10. I put in a sell for $1.27 on Sunday, but, when it did not fill this morning, floating around $1.18, I just took my profits. Yeah, I could have held on to late afternoon and made an additional $1200.00, but I don't trust ZLCS because I got burnt tow years ago when it rose to $3.21, then fell to $1.40, then .40.
As the old axiom goes, a person never gets hurt taking profits and I don't know anyone who is lucky enough to call the top, or bottom.
When it falls to .80 I may load up again. That said, maybe the mm's will keep it up over a buck to avoid the R/S, but I ain't betting my money on it. I made 50% in a year, so, I will not complain nor look back.
On 9/30 I dumped all of 14761 shares, a small batch (1744) purchased at $1.98 in Jan 2011, 6210 shares at .80 and 6807 for .73, both purchased late last year.
Had I not dumped them on 9/30, a couple days before announcement of the R/S, I would have seen a loss of $4127.00, in contrast to making up all of the loss for the shares purchased at $1.98, and realizing almost a 3k profit on the loser cost shares.
So all you longs, don't be harping at me for bailing when you know you are very upset since the R/S, looking at your deep pocket losses.
I am not laughing at you because I have felt the same pain when I lost money because of management screwing the people who bought shares.
Do the math. Even if ZLCS does well with PH II of Z160, the stock has to surge exponentially to make up the losses to date.
You longs need a reality check. You missed the boat and the one you are on is sinking.
Suzy, yes, if the stock did not drop and stayed even after the split, we still had the same amount of money as we did before the split. However, had the split not occurred, which IMO the timing is suspect with respect to the expected results of Z160, ZLCS would be in compliance and the upside would be greater. It is easier for a stock to double fron a buck in contrast to six bucks. Agree???
G dmit Cat Man, stop your posts, they keep pulling me back into this POS.
Maybe by days end this POS will fall below a buck, making it a .16 pre RS price?
I keep hoping one of the big boyz' who bought this POS will release their legal team to go after Corrigan & His pack of fraudsters.
In the meantime, if the SA article is accurate that Exalgo 32mg goes generic next May, I can't see how Zalicus as a company survives much longer? After the failure of Syn and Z160, who in their right mind would invest any money in Zalicus, let alone purchase ZLCS stock?
IMO, the pumpers here are stuck with a ton of dung that they failed to unload on the morning of the 11th. I am still feeling the pain, but fortunately, not as bad as most. A lot of people lost tens of thousands of dollars. (See my post on that subject)
I have a couple dozen stocks to research so I can hopefully make up the 7K I left on the table on the 11th. Fortunately, almost half was profits from an earlier ZLC S sale, but, I still would like to have it. Di ya thing Corrigan will sned me some money so I can buy the kids some shoes for Christmas? That MF.
Acadia, no offense, but you must be an idiot making such a statement.
Albeit the market "can" create value, however, when fraudsters are in charge of a company, like Corrigan, Zalicus won't be creating any value based upon your proposition.
In a dozen words Allana, you revealed all that is needed to be known about ZLCS: "that's how usually investors lose money - by falling in love with stock." I have not seen a wiser post since the 30th. I am glad I bailed then.
Of course, I could have made a mistake bailing, but if I did, I can always get back in. However, if I didn't, I got a nice return on the money and I am out.
Indian, there is a huge difference between "money I don't want to lose" and "money I can't afford to lose." If I were in the position of the latter, I would likely not have money to put in the market, and if I did so, especially in a stock like ZLCS, or any biotech for that matter, that would indicate I lack any intelligence.
Since I walked away with several grand, recouped a couple grand in losses, and looking at the share price from the day I sold to today, those facts would indicate I am far from being unintelligent
Injun, for the record, I tend to stay with my winners, take profits and most of my money from my winners whose wind is no longer at its back, cut my losses from losers that are down and there is no light at the end of the tunnel for them to rise, and in the case of ZLCS, get the hell out why the going is good.
If I departed early, I can always return, but, if I did not depart when the going was good and the stock plunges, I know I probably will never recoup the profits I failed to #$%$ up when the going was good and will also be leaving my money on the table, money I, like most, do nor want to lose.
Eighteen cents away Skull. You either want to make up your loss by flim flamming, or, and more likely, you have no shares, but have nothing else to do but write on this page.
For the record, I owned ZLCS from January 1, 2011 until October 1, 2013, purchasing three different times at $1.98, ..80 and finally .73. I was here to make money, not lose it.
Now, there has been a several posts on this Board commenting about the R/S, some, like mine mad that Corrigan and company never informed us about the manner of the R/S, others commenting that ZLCS was required by regulations to act in a manner approved by Nasdaq regarding the R/S.
When I decided to sell last week, it was based upon my opinion that Corrigan and company were unethical in the manner which they conducted the R/S, and IMO, there was no regulation that had to follow with respect to its timing as it relates to regaining compliance with the $1.00 per share minimum bid price requirement for continued listing on The Nasdaq Capital Market.
Let me explain.
Albeit we were informed by the ZLCS BOD, on my birthday June 6, that a R/S was approved, at no time did the Board relate the manner it would be effected, i.e., the ratio of the split.
According to a new release by ZLCS on October 2, 1013, the public was informed for the first time that on September 18, 2013, the the BOD approved the 1-6 split.
Why wasn't that information released to the public before October 2,, 2013?
Now, it may be that I failed to read the ratio at the June 6th meeting and if I find that I did, then, maybe I am wasting everyone's time, as well as mine writing.
Just some food for thought.
As I make no secret, I want to make money, not lose money, and being informed help me avoid the later.