This company has to be taken private . It 's out of love by WS . even good report cannot move the stock . it's heavily manipulated on low volume . no reason for company to be public. I think at current valuation - private offer could be close to $2.
it doesnt look like this company worth anything. keep sliding since last September- lost 90% of its value for 6 months
"fake head" - as usual this stock cannot hold the gain . 35K sold at 3.90 , and downward from that point. $4 is a strong resistance.
it happens almost everyday - rising on big volume , and then slowly sliding . just cannot hold the price. very manipulative stock. good for MM to make money .
this stock is like frozen. no significant movement in either way. Even on high volume days - ( over 100K) it's still closed flat. Does anybody remember what event caused this stock to jump to $4 in December ?
it's a logical close for the end of the quarter . Institutional holders closed their losing positions - stock is down over 20% . Almost 300K shares sold at the last 10 minutes. Hopefully next quarter will be better ( of course, if any news coming- otherwise , it will continue go down )
I didn t say options have no effect on underlying security , I said for this particular stock , it has no effect. 56 open contracts , most of them just covered calls , by individuals . Institutions not buying not protecting it's position in ECYT.
As for sector itself , it's under tremendous short pressure by hedge funds. They shorting ETFs, like XBI, BIB, IBB, and fund mangers have to adjust their positions in stocks which are part of these indexes . Nothing can stop it until billions of dollars stop betting it on short site - and we dont know when it 's gonna happen . As you see VRX down 85%!!!! just for 6 months, and still has room to go down. I think XBI index can go as low as $25 ( at least , there is a strong support in that area )- and it's another 50% drop from current prices
I also think ECYT has potentials, but I dont see for last 2 years , that stock price reflected any of those potentials .
The worst part of Biotech malaise , that venture capitalist and other investors will stop funding Bio companies , as well as Big pharmas ,and that , already , could affect people's life .
Stupid world - people paying for "virtual " stuff , like FB , or GOOG , thinking that it will make them immortal.
Smile, stop telling this BS regarding option expiration. It has absolutely no impact on trading activity for this stock . You absolutely have no understanding of options trading and its effect on underlying security. The whole Biotech sector in bear market for last 6 months, which characterized by bigger and prolonged down movements with some upward bounces . Unfortunately, without positive news , this stock will be trading in 2s. Biotechs are facing irrational market , especially in lights of upcoming election. Hopefully, people realize that Facebook or Amazon will not cure cancer , and will start again investing into biotechs , and provide necessary funding for research and drug development . This market is driven by psychopaths!!
it will be definitely a move soon- accumulation line is slowly climbing up. stock crossed 200ma. Soon, 50 ma will cross 200 ma-( with current trend - it needs a week).
he got 150K worth of options in December , and now selling it - we dont know what are the terms for those options ( they have expiration ) . I would not worry for that. its really common practice.
There is also some buying among insiders for last 3 months
with all due respect - there is a market reality , for no matter what you or smile saying , this company just lost 30% of its value for 10 trading days !!!! ( and 60% for 1 year) If there are 2 "best" studies ,as you saying , why nobody knows about that ? You think all investors are stupid , and nobody wants to risk several millions , if the reward could be hundreds of millions?
you should ask Smile. he knows what is going on , he will tell you another fascinating story about drop in short interest rate , and increasing investor optimism about this company. Maybe he will acquire this company , let's say for $6 a share and everybody will be happy , including miserable employees of this company
still plenty of shares on hands ; look at institutions numbers. only 1.5 million shares traded for last 6 trading sessions- of course, not all of them sold, some of them bought . And it's pretty obvious why people exiting this position, no any updates on current study at least until the middle of the year. And in such market, this stock can easily be traded at 50% of cash value.
after dancing aroudn new 52 week low for alst several days, it finaly hit. Logical conclusion .Only miracle can stop this stock from bleeding further , otherwise , in such market condition - it's $3 stock . I hope management know what they 're doing .
absolutely agree with you. Management is unfocused , no updates on current development , no presentations. Institution ownership is dropping . All this BS about drop in short interest and enterprise value doesnt matter . With current cash burn rate , company market value will be under 130M in one year, so , it's currently trading at premium to projected Market cap. I stopped trusted the management after they did last secondary offering around $22 , and then in a couple of weeks stock dropped to teens . So, thye already knew about Merck decision at that time . They just screwed investors.
The volume gets picked up for last 2 days , more likely due to CNIT activity , looks like CNEt is ready to move higher. Buy orders definetely larger than sell orders.
Ha-ha. Smile you totally clueless in investing , and especially in options trading and evaluating short interest numbers. You posting same info for last several months.
It seems that you get paid for pitching this stock .