I've learned the hard way not to buy into these gaps unless you make it a daytrade. This will fade back below 3.50 before the day is over, maybe back to 3. I would wait a few days to see where it settles if you want to buy.
Very nice bounce today but the volume makes this too dangerous of a stock to trade. This has moved up $8 and could easily drop $8 in the next hour. The bid/ask spread is way too great to make a trade. Right now the spread is $1.50!
I cleared $13,640 today on a daytrade but woud be up 50K if I had held. I've learned to take the middle and be happy. Good luck to all longs who have stayed with PBYI. I may try another trade tomorrow.
Reading earlier posts and someone thinks this will hit 80 in the next few days. The way this continues to climb, we could hit it today! Pretty incredible to watch this move.
I seriously would like to know the rational for staying short after the Europe news and the pressure from the US medical community on the FDA. The downside is so limited I just cannot see the risk/reward in maintaining a short position. Any announcement of the FDA lifting or modifying the suspension, particularly if in AH trading, and the shorts are totally trapped. The limited volume in AH would create a squeeze of unbelievable proportions. Serious responses only.
Zernov believes Chevron may be a likely suitor as they are already working the region for natural gas reserves. Could happen quickly. My guess would be at least double today's price.
OBV is still flat after a gap up at the open and a pullback shortly thereafter. From a TA point of view, a sharp turn up again today would be very bullish indicating to me that we could make another high. Volume continues to stay strong which is a good support indicator. I'm still long until I see changes in the above indicators.
I have my sell in at 5.08. I bought 15K shares average of 4.50 in AH on Wed so I will be happy with a 10K return. Don't like holding anything over the weekend any more. Also shorted FTNT today on CFO suddenly resigning and being announced over a holiday weekend. Up nicely on both trades.
Cyoung, where did you read the CFO was leaving for health reasons? You honestly don't think the timing of the announcement is suspicious? Look at the volume this morning. We could hit 10 million shaires today and so far no noticeable bounce. I guess the market will give us some idea before the close. I will be shocked if we hit 18 today. More likely we will close in the 16's.
Just had to short! I shorted at the open big time. 10K at 17.78. I have my buy to cover in the 16's. Announcing the CFO leaving over the thinly traded Thanksgiving weekend? Come on. There is something fishy going on. Anyway, I'm up pretty nicely so far. If the stock recovers, I'll take a small profit at the very least.
Yes, you are right. Someone is unloading a lot of stock. I hope I didn't make a mistake by buying 5K shares at 4.50 a little while ago. Seller is putting some pretty large blocks at 4.50 range.
With the European approval, it's only a matter of time before ARIA and the FDA come to some compromise on labeling, etc. and approve it here. A profitable small biotech is always a likely takeover candidate. This is going back into the teens for sure. Don't let profitaking #$%$ you into selling.
I'm expecting a sharp break-out any moment. OBV straight up. No overhead resistance after we break thru 6.20 until 16.70. The perfect storm!
I decided to sell at 38.30. Made 10K in about 3 hours so no complaints here. I just can't sit here all day and watch the trading. Still holding my core stock - RMTI. Good luck to all longs who can hold on thru this onslaught.
I have my 3K shares for sale at 38.30. That's all I want today. I really doubt we'll get there but we'll see. Hopefully some shorts will decide they have made enough and decide to cover.
Well, I sure hope your right. I'm in for 3K shares at 35. Been up 6K and down 8K already. This is one roller coaster stock.
I read somewhere that there are only 15 million shares in the float. We're over 5 million already this morning. Seems like there must be a lot of naked positions out there.