Why would I buy in at these levels even if I was interested just because some analysts sets a price target at $292? Please. I don't know PUMA and wouldn't get in now as most of the gains are gone. This will retreat big since the shorts lost a lot already, they need a chance to reload so I am doing a public service by telling people not to chase this one right now.
are now trying to step this baby back down in an orderly fashion. If we open to the downside ( a few %) and gradually rise all day but stay in the RED the pattern is clear. Its called a negative stepping action. The drop can be at the beginning or the end of the day. Two steps exist already, let's see if the pattern continues???
The same reason you feel the need to comment on it! Think about. You just want to be heard on the MB like everyone else.
I'm not arguing the point. I just know that the shorts will not like the news and will pay anyone to write a negative twist just to cause some confusion. That's the only thing I saw that stood out was the 39.1% Tomorrow should be good especially if we are strong on the Dow and Nasdaq. Time will tell. A Sunday night approval would be sweet this weekend.
$15.20 is where the upper channel line crosses tomorrow and if we break through that and $15.40 which was a resistance for the stock a few times within the last few weeks we could break out to upper $15s. We would need the news from today to kick start the rally along with a good move in the broader market. It is a Friday and most big traders leave early so if we can hold gains by lets say 1:00 we should be good. Let's see how market views the news from today. I think this is new material.
There was a 39.1 percentage of extensive adverse effects mentioned in the study. Let's se if the three stooges (Jim and his two stooges) bring this up as a potential negative to help the shorts fight back the good news. Wouldn't be surprised if some no-name writer for SA says something too. We'll see. Maybe they will just give up on this one and move on. Another intra day higher high today and most assuredly there will be one in the low to mid $15's tomorrow. Any news on an earnings date yet? Hoping that the CC will announce preliminary Japan numbers to offset dull quarter results.
The key will be to hold it at the close? We seem to struggle at the end of the day to hold the gains. This could be a small bump in hopes to make the post earnings take down more significant for the shorts. Have to watch out for a positive article soon from one of the usual suspects to try and lift the stock before earnings. Seen it before too many times.
Path of least resistance has got to be down from here. Shorts want their money back and will not stop until they get it. Unless there is a BO, this stock will start to drop tomorrow after lunch. All the covering is done by now as the price has been flat for several hours now.
What's your point with this that MM buy and sell shares amongst themselves to create direction?
We hit it quick and drop even faster. Hopefully we can break through that soon because as everyone knows and should expect, earnings will not be anything to right home about and will most likely be viewed as a negative. We added more debt with the new office since last quarter and have not received any milestone payments nor have we generated any sales or revenue yet (obviously). Watch out for another bear raid around earnings release, unless they couple the Japan results in the CC.
Puma (PBYI) received great stage 3 trial results for it's breast cancer drug and popped close to 300% this morning. We had statistically significant results as well and did go up 100% right away but have traded sideways ever since. What makes that stock so much more active than ours? They closed yesterday at $59 and opened today at $217. On analyst mentioned a BO coming soon and a price target of $292. Are they just a bigger market than "Z"? Millionaires were probably born this morning with that type of news. If we even bumped up another 100% on FDA I would be happy.
What a daily gain over 200% just like that. Shorts must be screaming in pain. When the euphoria dies down, look for this to be shorted big time to allow shorts to make something back. What a gap up to wake up to??
I am so glad you keep sharing this brilliant investing advice. $0.20 here and $0.20 there, you're rocking it. Did you make a whole dollar yet?