Best guess down to $2.40 which means a $15 stock price. Then you can back the truck up. Spreads are widening but AGNC's leverage and portfolio really hurt this year.
You should read the FDA warning letter to 23 and Me. It makes the Atossa warning letter sound like an approval. The FDA is coming down hard on a lot of these type of companies. The FDA is going to make 23 and Me do a clinical trial because of their claims which are actually outrageous. Regarding ATOS it is not the device but the claims associated with the Forecyte test. They may be the Breast Health Company, but they are not the " breast cancer detection company " which the FDA may make them prove. And it will not be a label issue warning users not to rely on the test alone. The burden may be on Atossa to prove their claims and the only way is a clinical trial. Maybe good for all to read the 11/12/13 FDA letter. They actually mention death!
Also notice Quay teed up the Nextcyte genetic test at a meeting in San Antonio. Nextcyte should have been the first ATOS invention to be marketed. But if Forecyte has to do a trial they may press on with Nextcyte.
23 and Me CEO is a Google wife with a massive ego ( like Quay ) but very deep pockets unlike
Atossa. Will be interesting to watch, but saying they won't need a trial is a bit risky.
If 398 works it is 3 Billion...the rest will follow but I doubt we would be around once the Phase III starts in MM-121. I hope we do not sell. I would like to see Network Biology mature.
I am not a trader. I am an investor. Have know MACK for 10 years. I was in Amgen at $1.87. If 398 fails yes it will adjust down big, but if it succeeds it will be a 3 Billion company and we will know that by May.
Obviously you move down and the 14 day average will change..If it treads water for a week or two it will also fall..I would like it at 60 right now, but there are a lot of moving parts and all good.
Long term is fine..Short term is over bought. The 50 week MA is $5.00..the 200 day is 4.77..we will test them soon and see what happens. I would like to stay here for a few weeks and get the RSI down under 70..But the CEO just signed up for the Oppenheimer Conference so we may tread water until he speaks..
This is still the most ludicrously undervalued stock in the market..
Once I see positive cash flow I will sleep better. They have a GE on staff now and I can't believe they can't make a deal. GE needs the process to drop their turbines anywhere in the world that does not have a steady fuel supply. They opportunities for natural resource recovery is huge. Wonder if Rigdon is the guy to run the place.
Sentiment: Strong Buy
One, delisting does not matter...Second, if the are working with GE they can't say anything about anything.
Agree it is a great potential, but it is in coal and that hurts no matter where you are.
Sorry guy...I should have read between the lines better. You are on point. They are running out of ideas but this one takes the cake. And those dopes at 60 Minutes fell for it. Just like Lara Logan and that Bengazi witness.
What amazes me is why are people in such a hurry to get merchandise. I do not get it. Only ones making money with AMZN is FED EX
Send me some of that #$%$ you are smoking. Jeff sent it in by drone??? He will not deliver medicine in remote areas to sick people. Obamacare is going to kill them anyway, and those sick people will not pay the freight. The biggest thing Jeff can carry is 5 pounds. Who cares. And remote areas do not work.
Yes that would be great. Amazon has one of its drones take down a Airbus 380 into the Capitol.
Get rid of all those 535 useless POSs. They will not be allow to fly anywhere near a major city or airport. Congress is stupid I agree, but Amazon is dumber trying this. This will eventually be great for the narcotics traffickers, but AMZN..no way..And they do not build drones.
That works but it is the old stuff they own that is eating their lunch. Curve steepened and the hedges did not work. This will work after the cut the payout this month.
Drones..I know the FAA and I was a pilot. They will not allow that lunacy. If anything they will be a lot of fun once they replace sporting clays.
Amazon can't make money doing anything..Post Office?? They are running out of crazy ideas.
Drones to deliver packages..Have you ever heard of anything so ludicrous in your life???
Nothing to elaborate. They did the 5 million shares and a $75 Million convert. There were no warrants.
When they have 305 events..or deaths...That is why 398 is so intriguing..they keep pushing out the date on the results..survival is the reason.
Over 70 you will get a pause..down to $3-3.25...but the weekly RSI is 48 so longer term you have a lot of room..I have seen stocks stay above 70 for a month or two..they do another deal it may get to 90. In mid-
November the RSI was 12 for the daily and 29 for the weekly..Just buy this stock and put it away..you play the daily machinations with MACK you will go nuts...this is a 2 year play..ignore the hype and the short term..it is called investing not trading...
My best thinking is the RSI was so low the thing had to overreact on the upside...And it did..