The hired bashers new tactic is to just admit that the technology is amazing and that the company will have a large market. However, we should all wait for x, y or z to occur. Translation: don't buy now. In fact, sell. You can buy back later, at a much higher price, after the hedgie that is paying me covers it's large short position and steals a bunch of shares before the stock takes off. Thank you for your assistance and your money.
I don't have to read it. Investopedia is a reliable source. It's important to know what goes on with these manipulators. Those that don't know any better often think there is a real sell off going on in stocks they own.
Mondays have been bad lately. Throw in the unimpressive trial results from several pharmas and this is what you get. The irrational correlation between an entire sector and a couple of individual stocks that have no relevance.
NVIV was uplisted recently. Naturally, the funds that can finally buy it will not pay market price. You can guess what happened next. Still way up on it but was able to trade it down. Something to keep in mind with CTIX. Good luck with it.
A kind offer and a sound recommendation, Toppa. I'm not ready to retire and eat mangoes yet. You take care of that, for now. I have comete faith that you will do a good job. lol
Thanks, GP. I think Baron trades that one. I'm actually not looking for any new plays, though. I only posted this to highlight that ONVO was relatively strong today.
Whether you are serious or trying to be sarcastic, it is annoying.
And most biotechs fared alot worse today. I they couldn;t break support on a day like this, it seems pretty unlikely that it will ever happen.
Not so sure about that. A hedgie acting alone is entitled to dump a bunch of short shares on the market for its own account to try to cause a slide. It is only when they work together with another party that it becomes illegal manipulation. Dishonest? Yes. Illegal? Not really.
A bad day for the whole sector. And completely overdone.
You don't have to believe me. All you have to do is compare it to Aduro. There is a reason the stock is the largest gaining biotech in the entire market the last six months, and a reason that institutions are inhaling the shares wherever they can find them.
They absolutely do. It's a mathematical equation. They see where stops are set. If they short x amount of shares quickly, can they trigger y number of stops, causing the stock to slide further, and then buy back their shorted shares at a profit? They use computer programs to calculate the answer in real time. It's not illegal, unless they collude with others. Which they do routinely. Another trick is to try to rig it so that two scammers steer the same small lot of shares back and forth to each other at incrementally lower prices, otherwise known as laddering. A large percentage of the 100 share trades you see represent laddering, particularly when volume is relatively low.