We are heading back to mid $12s quickly before we try again. The stock has no legs to move higher beyond the range with which the MM like to play with themselves in!!
Nice recovery from the $13.20 level. Tomorrow we need to trade above $13.25 on the low end and trade above $15.50 on the high end to keep the trend. We've reached the $13.50 level twice yesterday and couldn't break through with volume. If we don't get above this level soon, we could retest the mid $12's again before going higher.
Let's see, you bash the stock consistently, you use all caps to sound smarter than you are and you are trying to scare people into selling...hmmm I guess you are a frustrated short that's new to the game and don't want to disappoint your boss with a bad investment. Your cooked sucker give it up, you are nothing and should quit while you are behind. Squirm you worm you are going down. I don't invest in this stock but I look for idiots like you just to blow your cover. Ignore for you.
I expect KERX to continue to do what it is doing...nothing big! The market mover today is larger cap tech stocks with international exposure. That's not what the bios do so they will get generally spared from today's sell off.
I make no claims, just Observations. Do with it what you will or stop commenting. I said retest the $12 LEVEL, NOT $10. Twelve dollars is usually the level at which the stock jumps to after a Phase III win. The retest would go back to that level as a support now until sales numbers tells it to move otherwise. Just from previous observations, not predictions.
Yes, the trading volume is way down and the stock is trading like it's waiting for some news (direction) It wants to see some sort of script data in my opinion. That's all that's out their right now.
It forced some smaller hands to sell out to the MM and they intern could buy more for their clients. Today is sunnier because they won again.
We have been in a negative trading channel since the 4th or 5th trading day in November. This can be seen on the 6 month chart very clearly and is backed up by our constant drift below the 20DMA which is the overall sign of current trading. This is where the dead money started.
In 15 minutes the stock shoots up on low volume and starts to get walked down on larger volume chunks right back to the level in which the spike began. They invest a little in covering and a lot in shorting. This is how they use their money wisely to keep applying downward pressure and keep the price where they want it to be. If it holds around $13.20 that would be another higher low going forward. The slope of the line is very flat which does not imply anything positive. Good channels are usually around 45 degrees.
The drugs performance and the stock's performance are two separate things. Keep that in mind. The stock price can be manipulated over time, the drug either works or it doesn't.
Really bold statement by Brean since they just raised 110 million with the recent offering. Mr. Obvious.
If you follow the logic from KERX recently, that will be the next secondary price offering. Just wait and see.
Bios suck past Phase III. People need to remember that. There is too much cost associated with launching a drug which is why they usually drop consistently after approval. Look at VVUS, ARNA, KERX!!! People have to be happy with 25% now, the 50% to 75% gains are a thing of the past now. Shorts won't let that happen with inside help from their friends the evil, MM.
Look for drop back to sub $10 range in a few weeks. Approvals are the kiss of death for stocks believe it or not. Now it's time to raise money to market and manufacture which will take time and resources. Time to move on as this pig is done now.
I see you are starting to see the light now, good for you. Hope it works for you. As far as what stock to play while you are waiting, you can play any one. That's the beauty of playing ranges. Research the charts of the stocks and look for the beginning of a upward trend. As long as you are getting in and out, you really don't have to learns what the stock does, just how it trades. Let the professionals worry about that part. If a stock makes two higher highs and two higher lows, than watch it. This is the beginning of a channel trade. Watch how it performs over a few weeks to get the confidence to play the next one. It takes some practice and confidence. If you have a good bit of money to play with then you can get into more safer stocks but they cost more.
What's the connection here? Why are people following FDA decision on RMTI non KERX message board?