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 .
Option expiration has nothing to do with this stock movement . open interest on closest contract just 20 . There is a constant selling pressure - more likely some funds unloading at the end of the year. Selling volume is above daily average for last month. Usually, they close losing positions by year end. Nobody gives a sh... about enterprise value of this company . This company had no PRs for months , no updates on current develpment , so without any news it will be just slide down. Terrible communication with investor commmunity .
yea, new 3 years low . with current trend - it will dip below $4 soon. Without any meaningful news, it will be $3 stock next year , and maybe even $2. And only Smile still looking at drop in short interest, which has absolutely no meaning for this stock performance - pathetic .
its totally meaningless to watch short interest for this stock. Drop in short interest for this stock , only means that investors dont anticipate any news anytime soon. Serious investors dont lock their money in the microcap stock which is range bound - it's just a waste of time and money for them. what is more important is that average volume drop below 200K , so it indicates no interest on either side of trade. Until any meaningfull news hit, this stock is range bound, with prevailing downside trend and occasional spikes up.