It just now crossed 30 days under 1.00 It has yet to receive a warning from NASDAQ any day now. At that point it will have its first warning with plenty of time just starting a probation period.
People here making posts are jumping the gun.
It has been getting slammed with a new low recently @ .35 already as a NASDAQ stock, and down significantly from where it was just in recent weeks, so there is is an effectual "pricing in" of bad news occurring now, so I disagree with you for the most part that the stock is not pricing in financing, or worries related to it. Technically you are right in a certain regard & it is true it has not priced in another potential upcoming additional stock offering related to concurrent S-3 filings, but the fact that financiers have been pressuring the stock from dilution already in the works from the past does prove that the stock price is reflecting a stock offering and the stock price is pricing in very bad news about worries in general about more stock offerings upcoming & occurring. It is pricing in bad news and news related to financials, so I think you make a mistake presuming the stock at recent extreme lows is not "pricing in" things. I've seen this happen before, where a stock drops to extreme lows like this on financial worries with anticipation of an offering which would be before any added offering in front of it, and goes up later in the vicinity of a new stock finance offering. In the least most of the bad news is being priced in already. Market shows it is worried about financing before any newer financing happens, thus a "pricing in" is occurring.
I know how it works. The S-3 they filed at July end is a continuation of a shelf. The stock has been pressured by a culmination of dilutive financing executed and authorized prior to July. The stock actionaction is indicative of this. Never-the-less, they are and will be financing
LOL, you don't know anything about bankruptcies do you? Common shareholders and bondholders are the last to get anything after the dust is settled. That's the legal process of BK protection
I may buy GENE in near future on current pull back developing. Anytime after today a NASDAQ warning is due out (under 1.00) by around next week in early September, & that may also help in short term create a lower buying opportunity--- FYI.
It does look ready to spike based on recent activity..
With that said, I keep seeing rampant amount of fear posting on here about cash & needing to do an offering. They already filed an S-3 securities offering at end of July 2014 that is is in "effect" (which has been pressuring the stock, so they are obviously getting financing).
They should be fine thru end of year, and not in trouble by September as some post.
Also, they are only 3 mos into their first 6 mos NASDAQ probation (under 1.00), and as a standard procedure they'll get another 6 months in December for 2nd time to continue probation if they have not maintained 1.00+ by December, so that is also short term non-worry, which many here seem to be over exaggerating as a problem.
You sound like you just started for first time on biotech stocks!!!
RIGL is like any typical speculative biotech stock. They raise money thru selling stock over time while they are in development stages... thus 'speculative. All that matters with a stock like this if you are short term trading the swings, is that they have cash for 1+ year. RIGL has solid cash thru mid-2016, so RUGL in good shape. You are spewing hot air over a futile, useless issue. Their cash is great for now, so focus on 2nd half of 2014, etc, for catalysts such as drug news developments.
A lot happened since early June!!!! I've not been here much to update (and there were a few other posts after that .001 you are pointing out here). I personally traded the swings every 1-2 weeks, & abandoned the entire bullish idea after late July when they announced the rev split proposal. A good trader is always compelled to re-assess along the way, along with taking profits whenever they arrived. I always took the bumps upward and sold (then re-entered on dips), which has been a strategy I applied ever since March 2014. I usually sold on the little pops every 1-2 weeks and never stayed in it long because that was the typical behavior of PMBS, and when it did move upward there was never great news to sustain a further hype upward, so I always sold out fortunately.
Please don't bother me. I find your advice & posts absolutely useless & your track record from posts proves that.
Your ignorance is also proved when you point out a "rev split" as a deterrent issue. Rev Splits have zero meaning or affect on 3x funds. If you knew anything at all, you would know this. 3x funds are not same as ordinary common stock shares, so the rev split means nothing if or when it does happen. 3x funds move based on an underlying index & have a daily % move correlation regardless of a split or not.
Lastly, you don't know anything about me, so your further out attempt at advice timing for me is useless!! I'm a short term swing trader. I'm in & out of JDST-JNUG every few days or every few weeks (along with others such as UGAZ-DGAZ). If you see my post history, you will actually see most of my short term trades prove right for any who followed (contrary to you).
OK, that was more along the lines of an answer worth replying to. I was earlier saying "sell me" on the idea that it is an "undiscovered gem". I think personally there are a lot of positives about CRIS, at least in the short term, so I'm monitoring it for potential entry
If I based my trades on what Blackoil posts as a simple strategy, I'd win 90% of the time at least.
I don't remember ever seeing Blackoil making a prediction that came true on here.
And still he posts with such confidence, acting like he knows everything... it is hilarious! He never humbles himself, no matter how much he's been totally wrong. And that's probably why he stinks at trading short term. He never learns, as he just keeps up the same idiotic thinking without ever being humbled & learning.
The guy literally asks for teasing on here because of that. He lacks any humility while he acts like he knows what he's talking about amidst being totally wrong on a daily basis.
Dude, you are soooo WRONG all the time. Now you are thinking there will be another QE program?? You total lack of competency on gold is so sad